According to the latest Retail Sales Index released by the Department of Statistics this morning [Aug 20], total retail sales in June 2012 rose 0.5%.
Liquor stores showed an increase of 9.5%, food stores increased 8.7%; retailers of furniture, appliances & electronics reported an increase of 4.9%.During the same period, sales for tourist-related stores and pharmaceutical products declined by 9.9% and 2.8% respectively.
Total retail sales in June 2012 rose 0.5%, with consumers spending $91.1 million on retail goods representing an increase of $0.4 million year over-year. All retail sectors reported declines in sales activity with the exception of food stores, liquor stores and all other store types.
Residents returning to the Island declared overseas purchases of goods valued at $5.0 million during June 2012, a 2% increase or $100,000 more than the $4.9 million declared in June 2011.
Combined local and overseas spending totalled $96.1 million. After adjusting for the annual retail sales rate of inflation, measured at 2.9% in June 2012, the volume of retail sales decreased by 1.1%.. The full report is here [PDF].
- Retail Sales Drop $4.9 Million
- Retail Sales Decline 1% In December 2012
- Sales: Building Materials Up, Vehicles Down
- Retail Sales Index: Sales Decline In April 2013
- Retail Sales Index: March Sales Drop 1%
- February 2013 Retail Sales Decrease By 1.8%