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Data from Mastercard SpendingPulse indicates that shoppers did more than just hunt for deals on Black Friday and Cyber Monday.<\/p>\n
In fact, more consumers chose to dine out and spent their discretionary income at restaurants. According to the report, spending at restaurants was up 23.3 percent in 2022, representing the biggest increase of any consumer category.<\/p>\n
Increases in Apparel (14.4%) and Electronics (2%) helped drive total US retail sales during Thanksgiving weekend, which rose nearly 11 percent overall year over year.<\/p>\n
While the results were not adjusted for inflation, the trends showed strength in numbers, as US shoppers went out their way to snag deals in preparation for the holidays.<\/p>\n