{"id":1004207758,"date":"2018-02-20T08:22:06","date_gmt":"2018-02-20T16:22:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004207758"},"modified":"2022-12-09T02:04:03","modified_gmt":"2022-12-09T10:04:03","slug":"economy-watch-e-commerce-sales-continue-to-surge","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-e-commerce-sales-continue-to-surge\/","title":{"rendered":"Economy Watch: E-Commerce Sales Continue to Surge"},"content":{"rendered":"

By D.C. Stribling, Contributing Editor<\/p>\n

\"Image<\/a>

Image via Flickr Creative Commons user Intel Free Press<\/p><\/div>\n

U.S. e-commerce retail sales for the fourth quarter of 2017 totaled $119 billion, an increase of 3.2 percent compared with the third quarter, the Census Bureau reported on Feb 16. Compared with the same quarter in 2016, e-commerce sales were up 16.9 percent, and for all of 2017, such sales were up 16 percent compared with full-year 2016.<\/p>\n

For each quarter of the last four, Internet-based sales have grown by double digits compared with the year before\u2014a pattern that goes back some years. And the growth of Internet-based sales has far outpaced total retail sales<\/a> at the end of 2017. Total retail sales for the\u00a0fourth quarter\u00a0of 2017 were estimated at $1,304.3 billion, an increase of 2.7 percent from third-quarter 2017 and a jump of 5.7 percent from fourth-quarter 2016.<\/p>\n

E-commerce sales in the fourth quarter of 2017 accounted for 9.1 percent of total sales. As recently as the first quarter of 2008, e-commerce sales were only about 3.5 percent of total retail sales. Since then, the percentage has been steadily growing. By five years ago, or the first quarter of 2013, e-commerce was about 5 percent of all retail sales, and as of a year ago, about 8.5 percent.<\/p>\n

The bureau adjusts these numbers of for seasonal variation, but not for price changes. According to the bureau, e-commerce sales are sales of goods and services where the buyer places an order, or the price and terms of the sale are negotiated over an Internet, mobile device (M-commerce), extranet, Electronic Data Interchange (EDI) network, electronic mail, or other comparable online system.<\/p>\n","protected":false},"excerpt":{"rendered":"

For each quarter of the last four, Internet-based sales have grown by double digits compared with the year before, according to the U.S. Census Bureau.<\/p>\n","protected":false},"author":1023,"featured_media":1004041171,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[23891,21742],"tags":[32914,32915],"class_list":["post-1004207758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-latest","tag-e-commerce","tag-united-states-census-bureau"],"acf":[],"yoast_head":"\nEconomy Watch: E-Commerce Sales Continue to Surge - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-e-commerce-sales-continue-to-surge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: E-Commerce Sales Continue to Surge\" \/>\n<meta property=\"og:description\" content=\"For each quarter of the last four, Internet-based sales have grown by double digits compared with the year before, according to the U.S. Census Bureau.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-e-commerce-sales-continue-to-surge\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-20T16:22:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:04:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/05\/051812-EconWatch-Online-Shopping-user-IntelFreePress-300x199.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"300\" \/>\n\t<meta property=\"og:image:height\" content=\"199\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dees Stribling\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-e-commerce-sales-continue-to-surge\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/economy-watch-e-commerce-sales-continue-to-surge\/\",\"name\":\"Economy Watch: E-Commerce Sales Continue to Surge - 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