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Posted by: Michael Mandel on July 01
This is the chart I was doing when I found the mistake in the previous post. It shows the share of retail sales growth coming from e-commerce (leaving out gasoline station and fuel oil dealers). Until recently, e-commerce accounted for a relatively small share of retail sales growth. In the first quarter, however, e-commerce was 36% of growth
Michael Mandel, BW's award-winning chief economist, provides his unique perspective on the hot economic issues of the day. From globalization to the future of work to the ups and downs of the financial markets, Mandel-named 2006 economic journalist of the year by the World Leadership Forum-offers cutting edge analysis and commentary.