The economy is not dead!

Is the world economy going down the pan? Some say ‘yes’, some say ‘no’. US Online sales seem to be bucking the trend with a year over year growth of 15%. The figures from comScore show a significant rise in the April figures after a slow March (9%). Online sales in North America have, on average, seen double digit growth for every month over the past year (Jan - 12% to 28% in August).

“We hope that April will emerge as the beginning of a turnaround in the consumer economy, and that spending will accelerate as we move through the year and as the impact of the government’s tax rebate programme begins to be felt.” said Gian Fulgoni, chairman of comScore.

Online shopping in the US accounted for $32.8bn in revenue in the first quarter of 2008 although this was down from $42bn spent during Q4 of 2007.

Looks like it might be worth setting up an online store in America!

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