Mastercard Survey Found July Online Sales Spiked 11.7% YoY

July e-commerce sales spiked “amid major promotional events” like Amazon Prime Day, as recorded through the Mastercard SpendingPulse survey report released Thursday. E-commerce posted its first month of double-digit sales growth since December, rising 11.7% year over year. E-commerce sales in July were up nearly double their pre-COVID-19 pandemic levels, it said. “Online sales have ticked up since the beginning of June, though July’s major promotional events helped entice shoppers to splurge (and save) with online deals.” The Mastercard survey reports on national retail sales across all payment types in select markets globally, said the company. “The findings are based on aggregate sales activity in the Mastercard payments network, coupled with survey-based estimates for certain other payment forms, such as cash and check.”