Tech firm: Holiday spending up 6 percent so far this year
December 15, 2017
NEW YORK (AP) — A payment technology company says shoppers spent strongly to start the holiday season and then cooled off, but the overall pace is still stronger than a year ago.
First Data says overall spending, excluding gas, rose 6 percent from Nov. 1 through Monday, outpacing the 3.7 percent pace for the year-ago period. The company analyzes online and in-store payments across different forms of cards from 1.3 million merchants.
Retail spending, which excludes grocery stores, restaurants, auto parts merchants and gas stations, rose 5.4 percent, more than doubling last year's retail gr...