Newly launched figures from the Census Bureau of the Division of Commerce (PDF) reveal that U.S. retail ecommerce gross sales grew by 2.1% in Q2 2023 from the earlier quarter to $277.6 billion.
Per the DoC, ecommerce gross sales are for “items and companies the place the customer locations an order (or the value and phrases of the sale are negotiated) over an Web, cellular system, extranet, digital information interchange community, electronic message, or different comparable on-line system. Cost could or is probably not made on-line.”
The DoC’s estimated complete retail gross sales (on-line and in-store) for Q2 2023 stood at $1,798.2 billion, exhibiting minimal change from Q1.
Ecommerce accounted for 15.4% of complete U.S. retail gross sales in Q2 2023, up from 15.1% within the prior quarter.
The DoC estimates U.S. ecommerce retail gross sales in Q2 2023 grew by 7.5% in comparison with Q2 2022, whereas complete retail gross sales skilled a 0.6% rise in the identical interval.
Based on S&P World Market Intelligence, July 2023 (together with meals companies) grew 0.7% from the prior month (June 2023) and by 3.2% year-over-year (July 2022). “Nonstore retailers” (ecommerce, mail-order) rose 1.9% and 10.3% in the identical intervals.