Q4 US e-commerce sales reached $285.2 billion, with growth slowing to 0.8%

It is learned that the U.S. Department of Commerce and the Census Bureau recently released the "U.S. E-commerce Sales Data for the Fourth Quarter of 2023". The data shows that after seasonal adjustment, U.S. e-commerce sales in the fourth quarter reached US$285.2 billion, a month-on-month increase of 0.8%. Compared with previous quarters, the growth rate of U.S. e-commerce has slowed down significantly.

In the fourth quarter of 2023, total retail sales in the United States were approximately $1.8314 trillion, a month-on-month increase of 0.4%. In the fourth quarter, e-commerce accounted for 15.6% of total retail sales in the United States, slightly higher than 15.5% in the previous quarter.

Additionally, U.S. e-commerce sales increased 7.5% in the fourth quarter of 2023 compared to the fourth quarter of 2022. During the same period, total U.S. retail sales increased 2.8% year-over-year.

Despite the slowdown, U.S. e-commerce sales still hit a record high. Overall, U.S. e-commerce market demand remains resilient.

Editor ✎ Nicole/

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