BofA Total Card Spending (w/e 03 Jan) +1.7% Y/Y (prev. +1.3% avg. in Nov); highlights that the holidays were good for holiday shopping

BofA Total Card Spending (w/e 03 Jan) +1.7% Y/Y (prev. +1.3% avg. in Nov); highlights that the holidays were good for holiday shopping.

The Bank of America total card spending data shows a year-over-year increase of 1.7% for the week ending January 3, up from an average of 1.3% in November. This improvement suggests that holiday shopping bettered expectations, potentially reflecting stronger consumer demand. If the trend continues, it could influence growth forecasts and offer insights into consumer sentiment and spending patterns going forward.