Retail Sales Increase In September 2016
Retail sales in September 2016 increased 5.7% above the $90.2 million recorded in September 2015 – and when adjusting for the annual retail sales rate of inflation, measured at 0.9% in September — the volume of retail sales increased 4.7%, according to the recently released Retail Sales Index.
“Six of the seven sectors experienced increases in sales revenue. Motor vehicle stores registered the largest rise in sales receipts of 27.3%. Apparel stores recorded a loss in sales of 2.2%, the report said.
Chart extracted from the report:
“Returning residents declared overseas purchases valued at $4.6 million, unchanged from September 2015. This contributed to a combined local and overseas spending of $99.9 million.
“Excluding Sundays, there were 25 shopping days during the month, the same as in September 2015.”
The full 2016 September Retail Sales Index is below [PDF here]:
The lack of comments is very telling. Betty – where are you Betty? Can’t think of anything negative to say in the face of good news?