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E-commerce sales rose in third quarter

U.S. retail sales over the Internet rose 4.7 percent in the third quarter of 2004 and gained 21.5 percent compared with the same period last year as consumers continued to turn to e-commerce for shopping, a government report showed Friday.
/ Source: Reuters

U.S. retail sales over the Internet rose 4.7 percent in the third quarter of 2004 and gained 21.5 percent compared with the same period last year as consumers continued to turn to e-commerce for shopping, a government report showed Friday.

Purchases over the Internet, e-mail or other electronic networks, referred to as e-commerce, increased to $17.614 billion between July and September on a seasonally adjusted basis from $16.823 billion in the second quarter, the Commerce Department said.

It provided seasonally adjusted data for the first time since the series started.

E-commerce accounted for 1.9 percent of all retail sales, a level unchanged from the previous three months. Sales over the Internet have been gradually increasing since the government first began publishing data in 1999.

All retail sales advanced 1.4 percent to $916.510 billion in the third quarter from $904.135 billion in the second.

E-commerce sales include goods and services negotiated via the Internet but exclude online travel services, ticket sales and the services of financial services and dealers.