Retail sales in November 2012 increased 1.3% when compared to the previous year, however after adjusting for the annual retail sales rate of inflation the volume of retail sales fell by 1.8%.
The Retail Sales Index said: “Retail sales recovered by 1.3% or $1.1 million during November 2012. Sales activity increased in five of the seven retail sectors.
“Liquor stores and motor vehicle stores registered the largest gains in sales of 10.1% and 9.6%, respectively. In contrast, retailers of building materials reported the strongest dip in sales of 28.7%.
“Goods valued at $6.7 million were declared by residents returning to the Island from overseas trips. during November 2012. This was 13.6% or $800,000 more than the $5.9 million declared in November 2011. Combined local and overseas spending totalled $88.8 million
“After adjusting for the annual retail sales rate of inflation, measured at 1.5% in November 2012, the volume of retail sales fell by 1.8%.”
The full report is below [PDF here]: