Retail Sales Increase 1.0% In January 2018

March 28, 2018 | 0 Comments

After adjusting for the retail sales rate of inflation – measured at 2.0% in January – the overall volume of retail sales increased 1.0%, according to the recently released Retail Sales Index.

“Three of the seven retail sectors recorded increases in sales volume with apparel stores recording the largest increase of 16.4%. The next largest sales volume increase was for building material store sales which increased by 3.8%,” the report said.

Chart extracted from the report:

1 January 2018 Retail Sales publication

“In value terms, retail sales increased 3.0% to an estimated $87.1 million. Returning residents declared overseas purchases valued at $4.4 million, which was the same as in January 2017. This contributed to a combined local and overseas spending of $91.5 million.

“Excluding Sundays, there were 26 shopping days during the month, one more than in January 2017.”

The full 2018 January Retail Sales Index is below [PDF here]:

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