Retail Sales Increase By 6.3% In December 2014

February 10, 2015

According to the latest Retail Sales Index, retail sales were 6.3% higher than the level reached in December 2013, and after adjusting for the annual retail sales rate of inflation — measured at 1% in December — the volume of retail sales increased by 5.2%.

The report, done by the Department of Statistics, said that all retail sectors registered increases with the exception of service stations which recorded a decrease of 6%. Motor vehicle retailers recorded the largest increase in sales, jumping 59.2%.

The full December 2014 Retail Sales Index is below [PDF here]:

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Category: All, Business

Comments (8)

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  1. Chaos Theory says:

    But the Opposition says there is no growth, no nothing.

    • The truth says:

      Sorry to tell you but we had no growth. People shopped in Bermuda because less residents could afford to take shopping trips overseas. Without going into to much detail I work in this industry, that’s why I know :(

      • serengeti says:

        The stats tell a different story. Overseas purchases Dec 2014 were the same as Dec 2013. So there was real growth.

      • stunned,,, says:

        i don’t know how in good conscience returning Bermudians can declare 7 million dollars in overseas spending, not to mention the value of the exempted $200 per person and the value of the undeclared purchases.

        surely these purchases should be seen as bolstering another country’s economy. i suppose it doesn’t matter – when there’s more selection, sales and variables for our locals than our local companies cannot compete with.

  2. Creamy says:

    That makes 2014 the best year since 2007. Amd 2015 will continue the improvement.

  3. agatha christie says:

    I’m afraid i think this is a blip caused by the spike in construction post hurricanes. We may have a 50 plus percent increase in motor sales – but what does that actually equate to in terms of real, hard, numbers?
    Retail grew because it made so many cuts/sales – ie it did it the hard way.

    • serengeti says:

      The real hard numbers are in the report, if you read it.
      Dec 2013 vehicle sales were $36.3m
      Dec 2014 vehicle sales were $57.8m.