Retail Sales Increase In September 2016

November 23, 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:

September 2016 Retail Sales publication

“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]:

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Comments (2)

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  1. Jus' Askin' says:

    :-D This is still Great News

  2. NCM says:

    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?