US Holiday Retail Sales Come In Above Forecast

U.S. retail sales rose 3.8% between Nov. 1 and Dec. 24.

As customers turned to last minute shopping due to intense holiday season promotions, a Mastercard report showed on Thursday.

The jump in sales was higher than the 3.2% rise forecast by Mastercard in September and well above the 3.1% increase from a year earlier.

The last five days of the season accounted for 10% of all holiday spending.

Mastercard SpendingPulse measures in-store and online retail sales.

Across all forms of payment. It excludes automotive sales.

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