Monday, October 21, 2019

US nonstore retail sales in September see largest year-over-year growth in decades

Digital Commerce 360
Last month, U.S. nonstore retail sales—a proxy measure for ecommerce performance—increased 15.6% from September 2018, according to an Internet Retailer analysis of U.S. Department of Commerce advance monthly figures released Wednesday. This is the highest year-over-year September growth rate since 2000, when it was a 16.4% increase, and nearly double the 8.2% increase in 2018.

Even after excluding an Internet Retailer estimate for fuel sales from the non-seasonally adjusted nonstore spending data, September’s year-over-year growth remained the same at 15.6% and is the highest rate for the month since 1999, when the comparable increase was 17.1%. . . . more