E-Commerce Sales Continues To Grow

Growth in e-commerce retail sales continues its ascent, up a very strong 4.2 percent in the second quarter compared to the first quarter. Year-on-year, e-commerce sales rose 14.1 percent. These readings dwarf growth in total retail sales where the quarter-to-quarter gain in the second quarter rose 1.6 percent with the year-on-year rate up a very weak 1.0 percent. E-commerce now makes up a record 7.2 percent of total retail sales, up from 7.0 percent in the first quarter.