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US holiday season online spending climbs

Published on Jan 4, 2013 7:34 AM
 
A woman shops for wine on Amazon's Internet site on Nov 8, 2012 in Washington, DC. Industry tracker comScore on Thursday reported that United States (US) shoppers spent a total of US$42.3 billion (S$52 billion) online during the year-end holiday season - a 14 per cent jump from the same period in 2011. -- PHOTO: AFP

SAN FRANCISCO (AFP) - Industry tracker comScore on Thursday reported that United States (US) shoppers spent a total of US$42.3 billion (S$52 billion) online during the year-end holiday season - a 14 per cent jump from the same period in 2011.

"The 2012 online holiday season was once again a very strong season with growth rates in the mid-teens as we reached record-setting spending levels," said comScore chairman Gian Fulgoni.

US e-commerce started out "at a very healthy" rate in November but consumers quickly eased back on spending, apparently due to concerns that Congress would fail to make a budget deal averting a "fiscal cliff".

"You might say that had it not been for Congress, every other indicator suggested it would have been an even merrier Christmas for online retailers," Mr Fulgoni said.

 
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