U.S. Consumer Internet spending fell by nearly 10% last month, Forrester Research said yesterday.
The May ringout for U.S. online shoppers was $3.9 billion, down from $4.3 billion in April, according to Forrester`s monthly online retail index. The 9.3% slide was caused by a seasonal decrease in Internet travel bookings, the research firm said in a news release.
E-shoppers spent $3 billion in January, $3.4 billion in February and $3.5 billion in March.
The number of households that took to the Internet to shop declined from 15.7 million in April to 14.8 million last month. Average spending per consumer slipped from $273 to $265, the index said. Results are based on data collected from 5,000 online shoppers on a panel assembled by Greenfield Online.