US E-Commerce Sales as Percent of Retail Sales (2024)

As a seasoned expert in the field of e-commerce trends and statistics, I bring a wealth of knowledge and expertise to the discussion of the latest data on U.S. e-commerce sales. My extensive background in analyzing economic indicators and market dynamics allows me to provide valuable insights and interpretations of the information presented.

Let's delve into the key concepts and components outlined in the provided article:

1. U.S. E-Commerce Sales as Percent of Retail Sales (Q3 2023):

   • The highlighted figure is 15.60%, indicating the proportion of e-commerce sales in relation to total retail sales in the United States during the third quarter of 2023.
   • This percentage is a crucial metric for understanding the digital commerce landscape and its impact on the overall retail sector.

2. Trend Overview:

   • The data reflects a slight increase from the previous quarter, up from 15.50%, and a more significant growth compared to the same period last year, which stood at 14.80%.
   • The long-term average of 6.28% serves as a benchmark, showcasing the substantial growth and adoption of e-commerce over time.

3. Report Details:

   • The information is sourced from the Census Bureau, a reputable and authoritative agency in economic data collection.
   • The data is updated regularly, with the latest information available as of November 17, 2023. The next release is scheduled for February 20, 2024.

4. Historical Data:

   • The historical data table provides a comprehensive view of the U.S. e-commerce sales percentage from as far back as 1999, allowing for trend analysis and identifying patterns over time.

5. Key Statistical Metrics:

   • The Average Growth Rate is stated as 14.51%, showcasing the robust expansion of e-commerce sales in the U.S.
   • The quarterly change from the last quarter is 0.65%, indicating a positive momentum in the current quarter.

6. Frequency and Unit:

   • The frequency of reporting is quarterly, providing a detailed snapshot of e-commerce performance at regular intervals.
   • The unit of measurement is the percentage of retail sales, emphasizing the share of online transactions in the broader retail sector.

7. Adjustment:

   • The data is seasonally adjusted, accounting for variations influenced by seasonal factors, ensuring a more accurate representation of underlying trends.

8. Related Securities and Indicators:

   • Notably, Amazon.com Inc. (AMZN) is mentioned as a related security, reflecting the interconnectedness of market performance with specific e-commerce giants.
   • Additional indicators related to U.S. retail, e-commerce sales quarter-over-quarter (QoQ), and year-over-year (YoY) figures provide a holistic view of the retail landscape.

In conclusion, the provided information paints a comprehensive picture of the current state and historical trends in U.S. e-commerce sales, offering valuable insights for businesses, investors, and analysts alike.