While Americans spent more time sleeping, working and going to parties in 2011, they spent less time shopping, according to new data from the American Time Use Survey.
Since 2003 when the survey was initiated, Americans have spent steadily less and less of their days "purchasing goods and services." In 2011, the average number of minutes per day spent on shopping dropped to 43.2 minutes from 45 minutes in 2010. In 2003, Americans spent on average 48.6 minutes of the day shopping. The latest survey, released on Friday by the Bureau of Labor Statistics, is based on interviews with about 12,500 Americans.
The results are good news for some retailers like Amazon.com, where an endless selection of products can be bought in seconds with a click of the mouse. For others, such as those department stores sprinkled in labyrinthine indoor shopping malls, the trend is less helpful.