"Online Monday" report stands out as a fig leaf for US consumption, holiday shopping strong but cannot hide economic concerns.
According to the Zhitong Finance and Economics APP, according to Cifusidata, consumers' online consumption on "Cyber Monday" reached 17.3 billion US dollars, drawing a conclusion to the "Black Friday" weekend. As of 12 pm Eastern Time on Monday, global online sales increased by 5.3%. The company predicts that by the end of the day, online consumer spending will increase by 6%, reaching 52.7 billion US dollars. Meanwhile, Cifusidata also stated that as of 12 pm Eastern Time on Monday, online sales in the United States increased by 2.6% to 3.4 billion US dollars. The company predicts that by the end of that day, sales will increase by 4% to 13.3 billion US dollars.
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