US holiday sales growth estimated at 3.1%: Mastercard

Preliminary shopping data indicated that US holiday sales increased 3.1 percent compared with the year-ago period, a solid but unspectacular increase reflecting mixed sentiment on the economy.

The figures, supplied by Matercard SpendingPulse and released Tuesday, pointed to apparel and restaurants among stronger areas of spending in the period between November 1 and December 24, while electronics and jewelry experienced declines.