- Shoppers Find Retail Therapy Online – While gas demand is down, e-Commerce sales were up by double digits over last year, an indication that shoppers are finding deals online instead of driving to local stores.
- Clothing and Accessories Take a Hit – The Apparel and Department Store categories were especially hit hard in September, continued evidence that consumers are sacrificing vanity for necessity.
- Sales of Home Goods Slip – Consumers cut back spending on Hardware and Furniture & Furnishings in September. If the government shut down continues, impacts to the housing recovery may continue to drag down these sectors for months to come.
- Travel Bounces Back - The Travel sector showed a bit of growth in September, possibly a hint of what’s to come for the economy as consumers make plans for the holidays.
About the MasterCard SpendingPulse ReportA macro‐economic indicator, MasterCard SpendingPulse reports on national retail sales and is based on aggregate sales activity in the MasterCard payments network, coupled with estimates for all other payment forms, including cash and check. MasterCard SpendingPulse reports and content, including estimated forecasts of spending trends, do not in any way contain, reflect or relate to actual MasterCard operational or financial performance, or specific payment-card-issuer data. MasterCard Advisors produces monthly SpendingPulse reports that are available to subscribers in the US, UK, Canada and Brazil, and are delivered ahead of retail spending figures provided by other sources. About MasterCard Advisors MasterCard Advisors, the professional services arm of MasterCard, provides clients around the world with insights and solutions that drive business impact and ROI. The company uses advanced analytics and deep payments expertise to translate data into actionable behavioral insights and customized services. With analyses based on more than 80 billion anonymous transactions processed in 210 countries worldwide, the company leverages aggregated information and a consultative approach to help financial institutions, merchants, media companies, governments and other organizations grow their businesses. For more information, go to www.mastercardadvisors.com. About MasterCard MasterCard (NYSE: MA), http://www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews , join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.