Finance

Charts: U.S. Retail Ecommerce Purchases Q1 2024

.Every calendar quarter the USA Department of Business discharges overall domestic retail purchases and ecommerce only. Recently posted amounts for Q1 2024 (PDF) show total retail sales of $1.820 billion (a mild decrease over Q4 2023) and ecommerce-only retail sales of $289 billion, a growth of 2.1% over the previous quarter.According to the DoC, ecommerce purchases are actually for "items and companies where the customer places an order (or even the cost and also relations to the purchase are negotiated) over a Net, smart phone, extranet, digital information interchange system, e-mail, or even other similar online body. Settlement might or might not be created online.".Ecommerce accounted for 15.9% of total united state retail sales in Q1 2024, up somewhat from 15.6% in the prior quarter.--.The DoC records united state ecommerce retail sales in Q1 2024 expanded through 8.6% reviewed to Q1 2023, while overall quarterly retail sales experienced a 1.5% annual growth over the same duration in 2013.