Retail Sales Increase By 4.5% In August 2015

October 25, 2015

The total retail sales index was 4.5% higher than the level reached in August 2014, and after adjusting for the annual retail sales rate of inflation, measured at 2.6% in August, the volume of retail sales increased 1.8%.

This is according to the latest retail sales index, which said that all retail sectors registered increases with the exception of liquor stores which recorded a decrease of 1.6%. Motor vehicle retailers recorded the largest increase in sales, jumping 31.1%.

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Returning residents declared overseas purchases valued at $6.7 million, up 1.5% when compared to August 2014. This contributed to a combined local and overseas spending of $90.6 million.

The full 2015 August Retail Sales Index is below [PDF here]:

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Comments (7)

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  1. Triangle Drifter says:

    Give them a week, the PLP will turn this little tid bit of good news into something negative.

  2. Coffee says:

    Same trend in our closest neighbor . Only on a larger scale .

    • Zevon says:

      Not if you look at GDP. The PLP loves that “worldwide recession” myth.

    • Lois Frederick says:

      That dumb luck again. I suppose if you believe that, the same can be said for any other period in our economic past. Are we really helpless and totally driven by external forces, or do decision made here have a positive or negative impact on us economically?

  3. Atevanessa says:

    Ha we are making lots of money with the breakaway, nice location he he