US Retail E-commerce Sales Up 2.9% in Q2

US retail e-commerce sales for the second quarter of 2008, adjusted for seasonal variation but not for price changes, was an estimated $34.6 billion, an increase of 2.9% (±1.0%) from the first quarter of 2008, the Census Bureau of the Department of Commerce announced.

Total retail sales for the second quarter were estimated at $1,034.8 billion, an increase of 0.9% (±0.3%) from the first quarter of 2008. E-commerce sales in the second quarter of 2008 accounted for 3.3% of total sales.
The second quarter 2008 e-commerce estimate increased 9.5% (±1.2%) from the second quarter of 2007, while total retail sales increased 2.5% (±0.5%) in the same period.
On a not-adjusted basis:

• The estimate of US retail e-commerce sales for the second quarter of 2008 totaled $32.5 billion, an increase of 0.5% (±1.0%) from the first quarter of 2008.
• The second quarter 2008 e-commerce estimate increased 8.9% (±1.2%) from the second quarter of 2007; total retail sales increased 2.3% (±0.5%) in the same period.
• E-commerce sales in the second quarter of 2008 accounted for 3.1% of total sales.