Retail Sales Decreased 0.9% In Sept 2024

February 3, 2025 | 2 Comments

The September 2024 Retail Sales Index fell 0.9%, with gains in food, motor vehicles, and service stations but declines in liquor, building materials, and apparel.

A Government spokesperson said, “Today, the Ministry of Economy and Labour released the September 2024 Retail Sales Index publication.

“September’s volume of retail sales index decreased 0.9 per cent compared to last year. In value terms, retail sales increased to an estimated $100.7 million.

Chart extracted from the report:

September 2024 Retail Sales Index Chart Bermuda Feb 2025

“Four of the seven sectors recorded a year-over-year volume index increase in September 2024:

  • The Food Stores’ sales volume grew 1.8 per cent.
  • The sales volume for Motor Vehicle Stores increased 0.6 per cent.
  • The Service Station’s sales volume increased 1.1 per cent.
  • In the All Other Store Types sector [comprising stores selling household items, furniture, appliances, electronics, pharmaceuticals and tourist-related goods], there was a 0.2 per cent growth in sales volume.

“The following sectors had a decrease in sales volume compared to the previous year:

  • The Liquor Stores’ sales volume fell 10.3 per cent.
  • The sales volume for Building Material Stores decreased 12.0 per cent.
  • The sales volume at Apparel Stores decreased 3.8 per cent.

“Selected overseas declarations increased by 38.3 per cent compared to September 2023.”

The full September 2024 Retail Sales Index publication follows below [PDF here]:

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Comments (2)

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  1. Hey says:

    That is 3% inflation right there. (Divide value by volume for each of 2023 and 2024), the change in the two results is a 3% change.

  2. PAC MAN says:

    SEEING IS BELEIVING .
    NOT SEEING IS ALSO BELEIVING.
    I am not tellin you to read this when finished go behing the wood shed an have a good cry !

    Here is what the dept of statistics does not tell you or may be they can’t.

    If Bermuda throws a stone it never comes back . Are we driving our visitors to other destinations. YES BIG TIME !

    The first week of the inflation game, big business got their pound of flesh as the prices of their merchandise and services shot up and they are hanging on to it.

    Once you start seeing the RED SALE sign in their window will be only a temporary fix the increase price remains where it stops nobody knows, because they are a cunning bunch.

    The cost of doing business here even here to day remains un- afordable.
    lots of double dip taxation .

    GOOD NEWS.
    The people go with out . i remenmber the days when I had only one pair of shoes with stick on rubber soles.

    Greed, is what drives business profit margins , the funny part ( not a joke ) is that business does not manufacture any thing except their own profit .

    Reduce profits and they can turn the lights back on . failure to do that they will bite the dust take a dive or go under .

    Here is the latest hurt a pain you feel but that they can not .

    We are now facing large increase in labour rates.

    You know the guy with a van and a pair of pliers and a hammer or a paint brush they were hurting . ASK WHY. ! I dare you .

    The labour force is tryin to keep up with the increase in prices being those which have not come down since square one.
    May i ask do they really want increase the cost of their services.

    WHAT GOES UP NEVER COMES DOWN the longer recession lasts the more damage it does .

    THERE ARE NO WINNERS

    For example the insurance rated went up 10% and that is where it that has stayed because the car service rate has stayed up also.

    it look like no body wants to budge.

    What issue wrong with break eveb as this schurge will no last for ever .

    Here is a new saying AUTOMATIC RECESSION caused by two theories

    Planned recession and unplanned recession caused by a families inability to keep up with the money grab.

    There is one business here for the last there time i went in their doors thei place was empty.
    there was no [person in there pricing the merchandise which will remain on the shelf costing that store money to keep the lights on.

    these business will sting their customers for ever last penny..

    infelation is a money grab where thereare no winners. no customer, every body will get laid off

    it is them against us they have merchandise and services they cannot sell and we do not have money to buy it.

    We can go with out but big business eventually will fail because their share holders can not or want to go with out .

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