Recently, there is indication from various reports showing the US e-Commerce retailing is slowing down, starting from Q1 Y2009.

ComScore Report on Quarter to Quarter US Online Retail Volume

Will it rebound during this Christmas season, or it will continue to stay stag, as during last quarter the US unemployment rate has hit the record high of 10.2%, a record since 1980s. Will this impact the current OFW who working in US, and further to impact the remittent from OFW in US back to Philippines during this Christmas? In Y2008, there are total US$14bil coming back from OFW in US, where more than US$5bil during the Christmas season.

On the other hand, there is estimate Php 4bil total online transactions in Philippines e-Commerce industry, with a total of 24 to 28million Internet users in Philippines, and 80% are below age of 30. This industry will be in growing for the next five years, when the estimate Internet users will eventually reach 40mil. It will be a new internet market that can not be neglected, the highly penetrated market for social media and social networking sites, where I personally believe the e-Commerce industry in PH will be in 2 times or 3 times folds by next two years.

 

Below are the full report from ComScore.

ComScore State Of Us Online Retail Economy In Q3 09