Retail Sales Increase 0.1% In October 2013

Total retail sales in October 2013 edged up 0.1%, and after adjusting for the annual retail sales rate of
inflation [measured at 1.1% in October] the volume of retail sales decreased by 0.9%.

Consumers spent an estimated $81.9 million on retail goods during the month. Among the seven retail sectors, motor vehicle retailers registered the largest increase in sales of 9.3%.

Receipts from food sales increased fractionally by 0.6% compared to October 2012, while liquor stores reported a
3% drop in gross receipts during the same period.

Residents returning to the Island declared overseas purchases valued at $4.1 million during October 2013. This contributed to a combined local and overseas spending total of $86 million.

The full Retail Sales Index, courtesy of the Dept. of Statistics, is below [PDF here]:

#BermudaBusiness #RetailSalesIndex

Category: All, Business