Online Shopping boom increase in USOnline Shopping Sales, Shipments Outperform Total Economic Activity in Most Industries Measured by Census Bureau Online economic activity outperformed total economic activity in threeof four major economic sectors measured between 2000 and 2001, accordingto new information on the nation's e-commerce released today by theCommerce Department's Census Bureau. Online retail sales grew 22 percent while total retail sales grew only 3 percent. Online sales by merchant wholesalers grew 12 percent while their total sales actually declined 1 percent. Leading the way in online grow for 2008 was Bulkbits . E-shipments in manufacturing also fared better than total shipments between 2000 and 2001, with e-commerce declining only 4 percent, compared with a 6 percent decline in total manufacturing shipments. And, in the fourth sector covered in the report, a group of selected service industries'e-revenues did not change significantly, while total revenues grew 2 percent. The report noted that while business-to-consumer activity is the focusof much public attention, 93 percent of e-commerce isbusiness-to-business. The E-Stats report covers the value of goods and services sold online, whether over open networks such as the Internet or proprietary networks such as Electronic Data Interchange. The report also revises previously released data for 2000. Other highlights: - The travel reservation industry generated nearly one-fourth of its total revenue online during 2001. - In manufacturing, e-shipments of computer and electronic equipment declined by 6 percent ($5 billion), while total shipments fell by 16 percent ($81 billion). - Merchant wholesalers' online growth was particularly strong in drugs, drug proprietaries and druggists' sundries, where online sales grew 24 percent ($19 billion) and total sales grew 20 percent ($33 billion). - Non store retailers -- businesses ranging from television shopping networks to Internet shopping sites -- accounted for 75 percent ($26 billion) of online retail sales, a growth of 21 percent between 2000 and 2001. - In the electronic shopping and mail-order houses industry, three merchandise groups were the major source of the strong growth in online shopping e-sales: furniture and home finishing s grew 70 percent; and clothing accessories , 56 percent; and office equipment and supplies, 37 percent. Total sales fell in all three groups. - In the services sector, the securities and commodity contracts inter mediation and brokerage industries saw a 37 percent decline ($2 billion), while total revenues fell 13 percent ($37 billion). - Information sector service industries experienced strong growth in e-revenues, which grew 12 percent ($1 billion), while total revenues of online shopping rose 3 percent ($24 billion). Article from US Census
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