Actual | Previous | Revised | |
---|---|---|---|
Quarter over Quarter | 0.1% | 2.7% | 1.7% |
Highlights
E-commerce sales account for 16.2 percent of total retail sales in the first quarter, the same as in the prior two quarters. The share of retail sales going to e-commerce has plateaued but remains at its record high of 16.2.
Some of the softness in e-commerce sales in the first quarter is likely due to stronger e-commerce sales in the third and fourth quarters 2024 as consumers started to buy up hard goods in advance of potential increased tariffs that might raise prices and/or reduce supplies of imported items. This exhausted a lot of consumer demand in the first quarter.