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 ecommerce 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 ecommerce 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
- Ecommerce 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 ecommerce 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 Top 7 Digital Business Acquisition Categories for 2021.
Source: U.S. Census Bureau News, Press Release, Aug 18 2020
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