American Black Friday sales numbers were released from the usual suspects earlier on Monday.
- Mastercard SpendingPulse estimated that Black Friday retail sales ex-autos were +4.1% y/y, accelerating from the prior year’s +3.4% y/y growth.
- Adobe sees sales through Cyber Monday up 6.3% on a year-over-year basis
- Salesforce said Canadian online sales for the weekend were up 9% y/y, highlighting continued Canadian consumer spending strength this year (something that bucks worries about tariffs/Trump)
Overall, the consumer looks fairly healthy and it won’t hurt to get another rate cut this month. Pricing is at 85% for a cut on Dec 10.
This article was written by Adam Button at investinglive.com.
