Year-Over-Year, Retail E-Commerce Sales Gained 13.3%
The Census Bureau of the Department of Commerce announced U.S. retail e-commerce sales for the second quarter (Q2) 2019 came in at an estimated $146.2 billion, an increase of 4.2% (±0.9%) from Q1 2019.
Estimates are adjusted for seasonal variation, but not for price changes.
|E-Sales Q/Q ∆ SAAR||3.6%||4.2%|
Total retail sales for Q2 2019 were estimated at $1,361.8 billion, an increase of 1.8% (±0.2%) from Q1 2019. The stronger-than-anticipated report follows a series of beats and strong consumer spending amid recession fears.
The advance estimate for retail sales came in at $523.5 billion in July, an increase of 0.7% (±0.5%) and more than double the consensus forecast. That followed an increase of 0.4% (±0.5%) in June, also stronger than expected.
The Q2 2019 e-commerce estimate rose 13.3% (±1.6%) from Q2 2018 and total retail sales have gained 3.2% (±0.5%) during the same period.
E-commerce sales in Q2 2019 accounted for 10.7% of total sales.