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Tuesday, August 18, 2020

E-commerce retail sales up 31.8% in Q2

The Census Bureau of the Department of Commerce announced today that the estimate of U.S. retail e-commerce sales for the second quarter of 2020, adjusted for seasonal variation, but not for price changes, was $211.5billion, an increase of 31.8percent(±1.2%) from the first quarter of 2020. Total retail sales for the second quarter of 2020were estimated at $1,311.0billion, a decrease of 3.9percent0.4%)from the first quarter of 2020. The second quarter 2020e-commerce estimate increased44.5percent (±1.9%) from the second quarter of 2019while total retail sales decreased3.6percent0.5%) in the same period. E-commerce sales in the second quarter of 2020accounted for 16.1percent of total sales.On a not adjusted basis, the estimate of U.S. retail e-commerce sales for the second quarte rof 2020totaled $200.7billion, an increase of 37.0percent1.2%) from the first quarter of 2020. The second quarter 2020e-commerce estimate increased44.4percent (±1.9%) from the second quarter of 2019while total retail sales decreased3.4percent (±0.5%) in the same period. E-commerce sales in the second quarter of 2020 accounted for 15.1percent of total sales.

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