Data: Sharpest online sales fall on record as restrictions ease

Packages outside door

Online sales recorded their biggest drop in volume ever last month, though online spending remains significantly higher than pre-pandemic levels.

Online retail sales dipped 9.1% year on year in May, a stark decrease from 61% growth reported for the same period last year, according to the IMRG Capgemini Retail Index. The figures recorded in May were far below the three-, six- and 12-month rolling averages of 25%, 44% and 47%.

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