E-Commerce Spending Up 23% in 2Q

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E-Commerce Spending Up 23% in 2Q

Reston, VA, July 3, 2007—According to comScore,  U.S.e-commerce spending for the second quarter of 2007 showed that non-travel (retail) e-commerce grew 23% versus year ago to $27.2 billion, while online travel spending increased 14% to $20.3 billion.

  Total U.S. e-commerce spending climbed 19% to $47.5 billion during the period.

“Retail e-commerce rebounded solidly in the second quarter after a modest start to the year,” said Gian Fulgoni, chairman of comScore.  He said it matched growth rates during the past couple of years.

 

Total U.S. online consumer spending reached $170.8 billion in 2006, with non-travel spending accounting for $102.1 billion and travel spending accounting for $68.8 billion. Based on the first-half growth rates, total U.S. online consumer spending is on track to reach $200 billion in 2007. 

 

“Even factoring in the moderate growth rates from Q1, we’re currently on pace to break $200 billion in e-commerce spending in 2007,” said Fulgoni.  “However, in the past we’ve seen growth rates accelerate as the year progresses, culminating with the online holiday shopping season, so $200 billion may actually turn out to be a conservative estimate.”