Cyber Monday spending grew more slowly in the US than Europe, a new phenomenon that reflects the impact of President Donald Trump’s trade war and aggressive interest rate cuts by the European Central Bank, according to data released Monday by Salesforce Inc.
Global online spending, mostly from Europe, increased 5.3% as of noon New York time compared with the year ago period, while US spending rose by 2.6%, according to Salesforce, which tracks transactions of 1.5 billion consumers. Salesforce said earlier that global Black Friday spending grew twice as fast as US sales.
