Summary: E-commerce sales for third quarter 2022 outpace retail sales over last quarter and Q3 2021, according to the latest statistics from the U.S. Department of Commerce.
Third Quarter 2022
- The estimate for U.S. retail e-commerce sales for the third quarter of 2022, adjusted for seasonal variation, but not for price changes, was $265.9 billion, an increase of 3.0 percent (±0.5%) from the second quarter of 2022.
- The third quarter 2022 e-commerce estimate increased 10.8 percent (±1.2%) from the third quarter of 2021 while total retail sales increased 9.1 percent (±0.4%) in the same period.
- E-commerce sales in the third quarter of 2022 accounted for 14.8 percent of total retail sales.
As you can see from this graph, the percent of e-commerce sales vs. total retail sales on an adjusted basis remains strong and has not been affected by higher interest rates or other macro factors.
Take a look at third quarter 2021 and second quarter 2022 numbers for comparison.
Source: U.S. Census Bureau News, Press Release, November 18 2022