Consumer spending on Amazon surges

[whohit]Consumer spending on Amazon surges[/whohit]While the overall customer spending in the United States is down, the trend of online shopping and especially on Amazon improves.

  • According to the recent statistics, a high percentage of U.S. consumers (52%) have reduced their overall spending since the start of COVID-19 pandemic. However, 63% have increased or maintained their online spending (32% decreased), and 61% have increased or maintained their Amazon spending (29% decreased).
  • 71% of consumers say they have shopped on Amazon during the COVID-19 pandemic, and 48% of consumers say they are shopping more frequently on Amazon since the COVID-19 pandemic than they did previously.

Many Amazon sellers are reporting increased demand for their goods or services, which indicates this is a good time to start selling on the site or get back to doing business after a break.