Retail Sales Decrease 0.8% In September 2017

December 8, 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:

September 2017 Retail Sales publication

“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]:

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Category: All, Business