US E-Commerce Posts Fastest Growth in Seven Years

US e-commerce grew 17.3% in the third quarter, the fastest growth since the fourth quarter of 2011 more than seven years ago. Retailers generated $145.7 billion in online sales in the third quarter compared to $124.2 billion a year ago, according to the Department of Commerce.

Since the fourth quarter of 2011 - for thirty quarters in a row - US e-commerce grew, on average, 14.7% every quarter. The third quarter of this year represents a sizable acceleration compared to the first two quarters of the year, both of which were below the average.