An early report from the Wall Street Journal showed the United States economy enjoyed a robust holiday season; with new figures showing retail sales and online purchases up from the same period last year.
“Consumers in the U.S. spent more than $850 billion this season between online and in-store purchases,” writes the Hill. “That included a 19.1 percent increase in sales from online shopping and a 47 percent jump in sales in which consumers completed the purchase online and then picked up the item in-store.”
The healthy sales figures come as the US stock market continued to drop during the 2018 holiday season; sparking new fears of a major market correction heading into 2019.
“While we haven’t seen the consumer retreat, I do think there is a heightened risk with volatility in the capital markets and rising interest rates and uncertainty in Washington, D.C.,” said one industry insider. “Retailers are a bit on edge about what 2019 might be.”
Read the full report at the Hill.