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Thursday, October 29, 2020
HomeNewsEconomyRetail E-Commerce Sales Soared 31.8% in Q2 2020, 44.4% Year-Over-Year

Retail E-Commerce Sales Soared 31.8% in Q2 2020, 44.4% Year-Over-Year

E-Commerce Retail Sales Graphic (Source: Adobe Stock)
E-Commerce Retail Sales Graphic (Source: Adobe Stock)
E-Commerce Retail Sales Graphic (Source: Adobe Stock)

The U.S. Census Bureau reported the estimate for U.S. e-commerce retail sales for the second quarter (Q2) of 2020 rose 31.8% (±1.2%) from Q1 2020. That is adjusted for seasonal variation, but not for price changes.

Total retail sales for Q2 2020 were estimated at $1,311.0 billion, down 3.9% (±0.4%) from Q1 2020. The estimate for Q2 2020 e-commerce estimate rose 44.5% (±1.9%) from Q2 2019 and total retail sales were down 3.6% (±0.5%) during the same period.

E-commerce sales in Q2 2020 accounted for 16.1% of total retail sales. On a not adjusted basis, the estimate of U.S. retail e-commerce sales for the Q2 2020 were $200.7 billion, a gain of 37.0% (±1.2%) from Q1 2020.

The Q2 2020 e-commerce estimate rose 44.4% (±1.9%) from Q2 2019 and total retail sales fell 3.4% (±0.5%) during the same period. E-commerce sales in Q2 2020 were 15.1% of total retail sales.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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