E-markets up 733 per cent

New research from the Global Trading Web Association shows significant growth in the volume of transactions and sales taking place through electronic marketplaces.

GTWA's findings showed the number of transactions that had taken place on its members' e-marketplaces had jumped a massive 733 per cent, from 106,168 to 844,166, when comparing January to June 2001 with the same period last year.

Comparing sales volumes over the same two periods provides even more of a contrast: the $US115.2 million worth of sales recorded for the first six months of 2000 grew to $3.7 billion in the first half of 2001.

Predictions from GTWA for the full year estimate that the number of transactions will top 2.14 million and sales will reach $6.238 billion.

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