M1-1: ECommerce Growth
2018 Q1 up 16.4%
(compared to same period in 2017)
9.5% of total retail sales
(year-to-year growth shown in the graphic)
* Information provided by the U.S. Census Bureau of the Department of Commerce
So what is e-commerce? Anytime you buy or sell goods or services over the internet, you are involved in e-commerce.
E-commerce growth is sky-rocketing each and every year. The estimated quarterly U.S. retail e-commerce sales for the first quarter of 2018 has increased 16.4% compared to the same period in 2017. It accounted for 9.5% of total sales.
You can see in the graphic the upward increase year-to-year as e-commerce continues to account for more and more of the overall retail sales.
Estimated Quarterly U.S. Retail E-commerce Sales as a Percent of Total Quarterly Retail Sales (blue line adjusted, red line not-adjusted).