Tuesday, August 19, 2008

US Retail E-commerce Sales Up 2.9% in Q2


US retail e-commerce sales 2Q08, adjusted for seasonal variation but not for price changes, was an estimated $34.6 billion, an increase of 2.9 percent (+/- 1.0 percent) from the first quarter, the Census Bureau of the Department of Commerce announced (via Retailer Daily).

commerce-dept-2q08-retail-sales-total-and-ecommerce.jpg

Total retail sales for the second quarter were estimated at $1,034.8 billion, an increase of 0.9 percent (+/- 0.3 percent) from the first quarter of 2008.

E-commerce sales in the second quarter of 2008 accounted for 3.3 percent of total sales:

commerce-dept-2q08-ecommerce-as-proportion-of-retail-sales-4q99-2q08.jpg

The second quarter 2008 e-commerce estimate increased 9.5 percent (+/- 1.2 percent) from the second quarter of 2007, while total retail sales increased 2.5 percent (+/- 0.5 percent) in the same period.

On a not-adjusted basis:

  • The estimate of US retail e-commerce sales for the second quarter of 2008 totaled $32.5 billion, an increase of 0.5 percent (+/- 1.0 percent) from the first quarter of 2008.
  • The second quarter 2008 e-commerce estimate increased 8.9 percent (+/- 1.2 percent) from the second quarter of 2007 while total retail sales increased 2.3 (+/- 0.5 percent) in the same period.
  • E-commerce sales in the second quarter of 2008 accounted for 3.1 percent of total sales.
via Marketing Vox

Jason Kiwaluk

Mower & Shoveller,

Ideation | Ecommerce | Fintech | Innovation | Strategy | Opinionated Agitator RevenueWire,FuturePay+PayMotion

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