Retail Sales Decrease 0.8% In September 2017
The volume of retail sales in September 2017 decreased 0.8% and when factoring in the annual retail sales rate of inflation – measured at 2.6% in September – the value of retail sales increased 1.9%, according to the recently released Retail Sales Index.
“Motor vehicle dealers registered the largest decline in sales volume of 10.1%. In contrast, building material stores recorded the largest gain in sales volume of 12.6%” the report said.
Chart extracted from the report:
“Returning residents declared overseas purchases valued at $4.8 million, which was 4.3% higher than September 2016. This contributed to a combined local and overseas spending of $101.1 million.
“Excluding Sundays, there were 25 shopping days during the month, the same as in September 2016.”
The full 2017 September Retail Sales Index is below [PDF here]:
