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e-Commerce Sales Rise ' Again
U.S. retail e-commerce spending continued rising ' in total volume of e-sales and as a percentage of all retail transactions ' in the fourth quarter last year, the Census Bureau said late last month.
Overall, the federal government reported national estimated fourth-quarter retail e-commerce sales totaled $17.2 billion, an increase of 25.1% from the fourth quarter a year earlier.
The value of retail e-commerce was the highest since the government began noting e-commerce activity in the late 1990s, but the Census Bureau didn't comment on the benchmark.
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The percentage of e-commerce as a total of all retail sales for the quarter was also at a high ' 1.9% of the total $918.2 billion Americans paid retailers for goods during the last 3 months of the year. Total quarterly retail sales increased 6.2% from the fourth quarter of 2002, and fourth-quarter retail e-commerce was up 29.7% from last year's third quarter. Total retail sales went up 5.2% from the third quarter, the Census Bureau reported.
Last year was the first time that e-commerce came in at more than $10 billion each quarter.
Total of retail sales for all last year grew 5.4% from 2002.
Census Bureau e-commerce and total-retail sales estimates are not adjusted for seasonal, holiday and trading-day differences.
For purposes of the government's report, e-commerce is any sale of services or goods conducted when a buyer places an order, or negotiates sale price and terms, via Internet, extranet, electronic data interchange (EDI), e-mail or other online channel. Payment needn't be made online.
The Census Bureau plans to release revised unadjusted quarterly e-commerce estimates that will be based on the 2002 Annual Retail Trade Survey in May. Data will cover the fourth quarter of 1999 through the end of last year. E-stats spanning 2002 for manufacturing, wholesaling, retailing and some service industries will be released next month, the Census Bureau said.
U.S. retail e-commerce spending continued rising ' in total volume of e-sales and as a percentage of all retail transactions ' in the fourth quarter last year, the Census Bureau said late last month.
Overall, the federal government reported national estimated fourth-quarter retail e-commerce sales totaled $17.2 billion, an increase of 25.1% from the fourth quarter a year earlier.
The value of retail e-commerce was the highest since the government began noting e-commerce activity in the late 1990s, but the Census Bureau didn't comment on the benchmark.
[IMGCAP(1)]
The percentage of e-commerce as a total of all retail sales for the quarter was also at a high ' 1.9% of the total $918.2 billion Americans paid retailers for goods during the last 3 months of the year. Total quarterly retail sales increased 6.2% from the fourth quarter of 2002, and fourth-quarter retail e-commerce was up 29.7% from last year's third quarter. Total retail sales went up 5.2% from the third quarter, the Census Bureau reported.
Last year was the first time that e-commerce came in at more than $10 billion each quarter.
Total of retail sales for all last year grew 5.4% from 2002.
Census Bureau e-commerce and total-retail sales estimates are not adjusted for seasonal, holiday and trading-day differences.
For purposes of the government's report, e-commerce is any sale of services or goods conducted when a buyer places an order, or negotiates sale price and terms, via Internet, extranet, electronic data interchange (EDI), e-mail or other online channel. Payment needn't be made online.
The Census Bureau plans to release revised unadjusted quarterly e-commerce estimates that will be based on the 2002 Annual Retail Trade Survey in May. Data will cover the fourth quarter of 1999 through the end of last year. E-stats spanning 2002 for manufacturing, wholesaling, retailing and some service industries will be released next month, the Census Bureau said.
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