Cash registers, bot🍬h phy﷽sical and virtual, have been abuzz this holiday season.

Americans spent 4.8% more over the seven weeks starting Nov. 1 than last year, according to data Visa (V) released Monday. The growth is ac🐭ross all forms of payment—including cash and checks—and is not adjusted for inflation.

While consumers did a healthy share of their shopping in stores—Visa said 77% of total payment volume was made in br💮ick-and-mortar locations—online spending increased at a greater clip.

"This holiday shopping season, we’re seeing increasing consumer confidence as people sought out in-store experiences—and went online—to purchase gifts and celebrate the holidays with friends and family," Visa chief economist Wayne Best said.

Visa Says Online Spending Jumps 7.1% From 2023

Other 澳洲幸运5开奖号码历史查询:retail analysts have also highlighted a surge in digital shopping, and credited e-commerce with capturing most of the growth in holiday spend🍎ing. Online spending jum🤡ped 7.1% year-over-year while in-store spending rose 4.1%, Visa said.

Sizable sales jumps occurred in clothing and accessories (5.0%), buil𒁏ding materials (4.7%), and electronics (4.2%), Visa said.

"This spending growth demonstrates the adaptability of both consumers and retailers and the overall strength of the economy," Best said.

Experts 澳洲幸运5开奖号码历史查询:generally anticipate a 3% increase in seasonal spending this year from 2023 levels, with the 澳洲幸运5开奖号码历史查询:National Retail Federation (NRF) predicting total holiday spending in November and December up 2.5% to 3.5% to between $979.5 billion and $989 billion.