Retail sales rose over 8 percent this holiday season showing signs of a strong consumer economy.

Context: The economy has received bad news after bad news in 2021 but retail sales this holiday season are positive news for the economy.

Joe Biden has a worse rating on the economy than Jimmy Carter, but consumer spending seemed to not pay attention.

And that may be accurate. Factoring in inflation retail sales were up just 1.7% year over year.

Between the beginning of November and Christmas Eve, online sales were up 11% and in-store sales are up 8.1 percent.

Why this matters: The increase is the strongest showing in 17 years. But with inflation, it is actually a weak showing.

However, these numbers do not include automobile sales which are struggling in an industry dealing with supply shortages.


Interesting enough apparel and department stores saw major growth.

What people are saying:

Follow us on Twitter and Facebook!

(Visited 5,229 times, 1 visits today)