Retail Sales Increase 0.2% In February 2018

May 1, 2018

After adjusting for the retail sales rate of inflation, measured at 2.2% in February – the overall volume of retail sales edged up 0.2%, according to the recently released Retail Sales Index.

“The largest sales volume increase was reported for building material stores at 13.1%. In contrast, liquor stores recorded the largest decline in sales volume of 4.8% year-over-year,” the report said.

Chart extracted from the report:

2 February 2018 Retail Sales publication

“In value terms, retail sales increased 2.5% to an estimated $81.6 million. Returning residents declared overseas purchases valued at $3.3 million, which was 6.5% higher than February 2017. This contributed to a combined local and overseas spending of $84.9 million.

“Excluding Sundays, there were 24 shopping days during the month, the same as in February 2017.”

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

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  1. PANGAEA says:

    You have just seen the results of doing nothing.

    Taxation kills progress.

    There is no donkey and no carrot.

    The building boom is over.

    If you do not stock it and market it, you can’t sell.

    We are our own worst enemy.

    Better think of aditional ways of earning a living.

    Living in the past does not work.

    We need to re brand ,the good old days are over.

    Slow down, the tourists are here.