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e-Commerce Continues to Grow

By Michael Lear-Olimpi
June 26, 2007

The economy racked up another apparent e-commerce activity record in the first quarter, the U.S. Census Bureau reports.

The government says that e-commerce sales, which include Internet and other electronically conducted transactions, rang up at a little more than $31.5 billion from January through March, plus or minus a 1.3% margin of error.

Figures are estimates but are adjusted for seasonal variation, and for holiday and trading-day differences, but not for price changes.

Private-sector reports, including an annual survey by Boston-based Forrester Research, suggest that retail sales, led last year by clothes-buying online, have helped boost e-commerce transactions among the public over the last eight years, although government and other analysts say that the business-to-business sector still accounts for nearly all significant e-commerce activity.

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