Despite a 46% increase from pre-pandemic levels
- Online retail sales fell by 9.1% year-on-year in May compared to 2020
- IMRG Capgemini Online Retail Index reveals the data
According to the latest IMRG Capgemini Online Retail Index, online retail sales experienced a decline of 9.1% year-on-year in May compared to the previous year when there was a growth of 61%. However, this drop is contrasted by an overall increase of 46% in sales volume when measured against May 2019’s pre-pandemic levels.
Factuality Level: 8
Factuality Justification: The article provides accurate and concise information about the year-on-year change in online retail sales based on the IMRG Capgemini Online Retail Index. It is not sensationalized or misleading, and there are no signs of personal perspective being presented as a fact.
Noise Level: 5
Noise Justification: The article provides only one data point without context or analysis, making it difficult for readers to understand the significance of this decline in online retail sales and how it fits into larger trends.
Financial Relevance: Yes
Financial Markets Impacted: The decline in online retail sales may impact e-commerce companies’ stock prices and affect investor sentiment.
Financial Rating Justification: This article discusses a significant change in online retail sales, which can have financial implications for e-commerce companies and potentially influence the stock market.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of any extreme event in the last 48 hours.
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