Recent Updates
- US: Consumer Sentiment (Jan-prelim), Mfg & Trade Inventories & Sales (Nov), IP & Capacity Utilization, Adv Retail Sales, Producer Prices (Dec)
- US: Industrial Production Detail (Dec)
- US: Producer Price Indexes by Commodity Detail (Dec)
- more updates...
Economy in Brief
Empire State Manufacturing Index Declines in January
The Empire State Manufacturing Index of General Business Conditions decreased to 3.5 in January...
U.S. Industrial Production Continues Recovery
Industrial production advanced 1.6% in December...
U.S. PPI Rose 0.3% in December
The Producer Price Index for final demand rose 0.3% (0.8% y/y) in December...
U.S. Business Inventories Accumulate during November as Sales Weaken
Total business inventories increased 0.5% during November (-3.2% y/y)...
The EMU Trade Surplus Stabilizes
Both exports and imports have been regaining momentum...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Tom Moeller August 18, 2020
The U.S. Commerce Department reported that during the second quarter of this year, retail sales via the internet (E-Commerce) rose 31.8% (SA) from Q1'20. The gain followed increases of 2.4% in Q1 and a 2.2% Q4'19 rise.
This strength compares to a 3.9% Q2 decline in retail sales overall (-3.6% y/y). As a result, E-Commerce sales rose to 16.1% of total retail sales last quarter, up from 10.9% in 2019 and, by comparison, 4.4% in 2010.
Details of the E-Commerce data are not seasonally adjusted. Compared to last year, these figures show strength in most categories during Q2'20 as a result of stay-at-home mandates. It was led by a 105.3% surge (86.8% y/y) in building materials & garden equipment sales and a 101.4% strengthening (220.5% y/y) in food & beverage purchases. Sales of sporting goods, hobby, musical instruments & books jumped 84.4% (117.8% y/y) while general merchandise purchases strengthened 76.4% (81.8% y/y). Furniture & home furnishing store sales rose 40.4% (61.8% y/y). Nonstore retail sales, which account for 60% of total E-Commerce sales, rose 25.0% (29.6% y/y).
E-commerce sales are sales of goods and services whereby the buyer places an order, or the terms of the sale and price are negotiated over an Internet, mobile device (M-commerce), extranet, Electronic Data Interchange (EDI) network, electronic mail, or other comparable online system. Payment may or may not be made online. Total sales estimates are adjusted for seasonal variation, but not for price changes. They are also adjusted for trading-day differences and moving holidays.
The retail sales and retail E-Commerce sales data can be found in Haver's USECON database.
Q2'20 | Q1'20 | Q4'19 | Q2'20 Y/Y | 2019 | 2018 | 2017 | ||
---|---|---|---|---|---|---|---|---|
Total Retail Sales (%) | -3.9 | -1.2 | 0.5 | -3.6 | 3.4 | 4.2 | 4.6 | |
% of E-Commerce Sales | ||||||||
Total E-Commerce Sales (SA) | 100 | 31.8 | 2.4 | 2.2 | 44.5 | 14.9 | 13.4 | 15.5 |
Total E-Commerce Sales (NSA) | -- | 37.0 | -21.1 | 27.7 | 44.4 | -- | -- | -- |
Nonstore Retailers (NSA) | 54 | 25.0 | -19.8 | 22.8 | 29.6 | 16.1 | NA | NA |
Motor Vehicles & Parts | 5 | 14.2 | -11.5 | 1.3 | 7.0 | 9.8 | -- | -- |
Furniture & Home Furnishings | 2 | 40.4 | -6.7 | 18.6 | 61.8 | 6.8 | -- | -- |
Building Materials & Garden Equipment | 4 | 105.3 | -6.5 | 7.6 | 86.8 | 11.3 | -- | -- |
Clothing & Accessories | 7 | 37.8 | -37.0 | 57.8 | 43.6 | 8.7 | -- | -- |
General Merchandise | 4 | 76.4 | -42.8 | 74.0 | 81.8 | 14.2 | -- | -- |
Food & Beverages | 4 | 101.4 | 8.5 | 30.1 | 220.5 | 8.7 | -- | -- |
Sporting Goods, Hobby, Musical Instruments & Books | 2 | 84.4 | -25.7 | 33.6 | 117.8 | -3.4 | -- | -- |
Miscellaneous (Including Gas Stations) | 3 | 47.7 | -9.3 | 5.5 | 40.8 | 7.2 | -- | -- |