Small Businesses Shine In Down Month for Spending

By  |  August 28, 2012
 | 

Overall, spending growth was “soft” in July, according to MasterCard Advisors’ Michael McNamara, who tracks the performance of U.S. retail each month. But not every market subdivision suffered.

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    While overall growth has been below 3.5 percent for months, small business spending growth has outperformed the general trend, including a six percent expansion in July. It’s a trend that merits continued attention “” which is why MasterCard and Wells Fargo will continue to monitor the data with regular updates to their Spending Pulse reports.

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    This week, we’ve brought MasterCard’s McNamara onto our platform to talk about the latest numbers relative to historical growth, and to share with us a few of the more surprising data points from this latest research. Our guest also dispels a myth about back-to-school sales growth, and what the numbers mean “” or don’t mean “” for future performance.


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