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EU Online Spending Estimated to Grow 16 percent, Reach EU232 Billion in 2012 |
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Saturday, 21 January 2012 |
The online industry is massive, as more people are spending their time on the internet, which prompts higher spending amongst consumers. In the latest online spending information released by the European Union, the data suggested that online spending in the European Union is estimated to grow at an astonishing rate of 16 percent for 2012, and the total money that will flow online will reach a mind-boggling €232 billion before year's end.
Generally, online spending only accounted for 7.8 percent for all EU retail sales in 2011, while UK, Germany and France have garnered the top spot, in which they tally in at a whopping 71 percent of the entire sales. Well, I’m confident that the data is somewhat accurate, as clearly, the trend amongst consumers continues to slide towards online shopping. Time to capitalize online shopping?
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