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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Americans spent a record $9.8 billion online on Black Friday

November, 27 2023
watermark Economic news

According to the forecast of Adobe Analytics, online sales in the United States during Black Friday reached a record $9.8 billion, which is 7.5% more than last year.


At the same time, Cyber Monday (November 27) is expected to surpass Black Friday in terms of sales. According to the company's forecast, online purchases of Americans on this day will reach $ 12 billion, which is 6.1% higher than a year earlier.


Among the most popular purchases are televisions, smart watches and Barbie dolls, as well as Bluetooth headphones, Mini Brands toys, external batteries with wireless charging, robot vacuum cleaners, sets of dishes and coffee machines.


In addition, on Saturday and Sunday after Friday's day of sales, Americans spent about $ 10 billion in online stores. On Thanksgiving Day (November 23), online purchases in the United States totaled $5.6 billion – 5.5% more than last year. This was also a record high according to Adobe.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.