Hashtag: #RetailSalesIndex
Retail Sales Increased 9.2% In August 2020
After adjusting for the retail sales rate of inflation – measured at 0.7% in August – the overall volume of retail sales increased 9.2% when compared to August 2019, according to the recently released Retail Sales Index. Minister for the Cabinet Office Wayne Furbert said, “The retail sales growth in August provided some encouraging signs,... Read more of this article
Retail Sales Increased 1.5% In July 2020
Today the Minister for the Cabinet Office Wayne Furbert released the July 2020 Retail Sales Index publication from the Department of Statistics. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at negative 0.2 per cent in July, the overall volume of local retail sales increased 1.5 per cent. Meanwhile, total... Read more of this article
Retail Sales Decreased 6% In June 2020
Today the Minister for the Cabinet Office Wayne Furbert released the June 2020 Retail Sales Index publication from the Department of Statistics. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 1.2 per cent in June, the overall volume of local retail sales decreased 6.0 per cent. Retail sales activity in... Read more of this article
Retail Sales Decreased 15% In May 2020
The May 2020 Retail Sales Index has been released, with the report stating that retail sales overall decreased 15%, while liquor stores recorded the largest volume increase of 19.6%. Minister for the Cabinet Office Wayne Furbert said, “After adjusting for the retail sales rate of inflation, measured at 1.3% in May, the overall volume of local retail... Read more of this article
Retail Sales Decreased 30.6% In April 2020
The overall volume of retail sales decreased 30.6% in April — when there were extensive restrictions due to the pandemic — and while most sectors saw substantial drops, such as apparel stores which decreased 97.1%, food and liquor sales were up, with food up 17.5%, while liquor sales were up 39.1%. These statistics were contained in the... Read more of this article
Retail Sales Increased 3.5% In March 2020
Minister for the Cabinet Office Wayne Furbert released the March 2020 Retail Sales Index from the Department of Statistics. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 0.7% in March, the overall volume of local retail sales increased 3.5%. Meanwhile, total selected overseas declarations increased 3.0%... Read more of this article
Retail Sales Increased 1.1% In February
Today [May 18] the Minister for the Cabinet Office Wayne Furbert released the February 2020 Retail Sales Index report. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 0.7 percent in February, the overall volume of local retail sales increased 1.1 percent. Meanwhile, total selected overseas declarations... Read more of this article
Retail Sales Decreased 3.1% In January
Today the Minister for the Cabinet Office Wayne Furbert released the January 2020 Retail Sales Index. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 0.8 per cent in January, the overall volume of local retail sales decreased 3.1 per cent. Meanwhile, total selected overseas declarations increased 14.1 per... Read more of this article
Retail Sales Decreased 4.2% In December
Today [March 6] the Department of Statistics release the December 2019 Retail Sales Index. A Government spokesperson said, “After adjusting for the retail sales rate of inflation, measured at 1.0 per cent in December, the overall volume of local retail sales decreased 4.2 per cent. “Meanwhile, total selected overseas declarations increased 19.1... Read more of this article
Retail Sales Decreased 3.2% In November
Today [Feb 20] the Minister for the Cabinet Office Wayne Furbert released the November 2019 Retail Sales Index publication from the Department of Statistics. The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 1.1 per cent in November, the overall volume of local retail sales decreased 3.2 per cent. “Meanwhile,... Read more of this article
Retail Sales Drop In September & October
Minister for the Cabinet Office Wayne Furbert released the September 2019 and October 2019 Retail Sales Index publications from the Department of Statistics. The Minister explained, “The volume of retail sales decreased 4.4 per cent in September 2019 and a further 3.6 per cent in October 2019. Meanwhile, total selected overseas declarations decreased... Read more of this article
Senator Kempe: Where Is The Plan To Fix This?
“Retail sales volume has now dropped for 16 out of the last 18 months,” Shadow Finance Minister Nick Kempe said, adding that “we need to reduce the burden of Government and corresponding taxation levels required to sustain it.” Senator Kempe said, “Last week we heard from Minister Zane DeSilva that 200 Bermudians had lost their... Read more of this article
