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.
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.
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.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
Learn More