Summary: The coronavirus has profoundly affected the rate of digital acceleration in the economy, according to the latest statistics from the U.S. Department of Commerce.
- U.S. retail e-commerce sales for the second quarter of 2020, adjusted for seasonal variation, but not for price changes, was $211.5 billion, an increase of 31.8 percent (±1.2%) from the first quarter of 2020.
- The second quarter 2020 e-commerce estimate increased 44.5 percent (±1.9%) from the second quarter of 2019 while total retail sales decreased 3.6 percent (±0.5%) in the same period
- E- commerce sales in the second quarter of 2020 accounted for 16.1 percent of total sales.
As you can see from this graph, the percent of e-commerce sales vs. total retail sales has more than doubled in the last five years and has accelerated since the beginning of the year.
For more articles, see our 7 Best eBusiness ideas for 2021.
Source: U.S. Census Bureau News, Press Release, Aug 18 2020
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