November 2012: Liquor, Vehicles Sales Increase
Retail sales in November 2012 increased 1.3% when compared to the previous year, however after adjusting for the annual retail sales rate of inflation the volume of retail sales fell by 1.8%.
The Retail Sales Index said: “Retail sales recovered by 1.3% or $1.1 million during November 2012. Sales activity increased in five of the seven retail sectors.
“Liquor stores and motor vehicle stores registered the largest gains in sales of 10.1% and 9.6%, respectively. In contrast, retailers of building materials reported the strongest dip in sales of 28.7%.
“Goods valued at $6.7 million were declared by residents returning to the Island from overseas trips. during November 2012. This was 13.6% or $800,000 more than the $5.9 million declared in November 2011. Combined local and overseas spending totalled $88.8 million
“After adjusting for the annual retail sales rate of inflation, measured at 1.5% in November 2012, the volume of retail sales fell by 1.8%.”
The full report is below [PDF here]:
Thank you, Bernews, for putting the inflation adjusted number at the head of this article. That is the value we wish to see most.
Ride
No work=l lots of time to drink.The liquor companies should donate to the PLP.All the unemployment caused by the PLP have helped the liquor companies!
I’m not surprised liquor sales have increased. Burp Burp!!