Professor Mark J. Perry's Blog for Economics and Finance
U.S. retail e-commerce sales for the third quarter of 2006 was $27.5 billion, the highest level in history, and an increase of 4.5% from the second quarter of 2006, and 21% from the same quarter last year. E-commerce sales in the third quarter of 2006 accounted for 2.8 percent of total sales, the highest percentage in history on a seasonally adjusted basis (blue line above).
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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