February Retail Sales Index
Building materials stores lead sales growth
Retail sales rose by 2.5 per cent in February compared to the same month last year, boosted by an increase in building materials demand.
After inflation was taken into account, volume rose 0.2 per cent for a second successive month of real growth after January’s 1 per cent increase.
Building materials stores saw the largest sales volume increase, with a 13.1 per cent rise, as a result of higher demand for supplies for ongoing residential and commercial projects.
In value terms, retail sales rose 2.5 per cent year over year to $81.6 million.
In addition, returning residents declared overseas purchases valued at $3.3 million, which was 6.5 per cent higher than February 2017, fuelled by higher declarations of clothes and footwear.
Apparel stores saw sales volume rise 2.4 per cent in February, while service stations saw a 0.1 per cent volume increase, as the value of fuel sales grew 4.8 per cent, while the price of fuel rose 4.7 per cent.
Sales volume in liquor stores fell 4.8 per cent and in food stores fell 1.6 per cent.
Motor vehicle sellers recorded 3.6 per cent decline in sales volume.
Excluding Sundays, there were 24 shopping days during the month, the same as in February 2017.
Half of Bermuda’s eateries receive top grade
Quad bike tours on island given go-ahead
Bikes, gas tanks burnt in Hamilton car park
Wells scores in Burnley friendly
Richardson urges Brangman to reconsider
Doctor proud of colon surgery results
Worker faces $500,000 bill after drunk crash
Man charged with murder of Gibbings
Developers eye deal for Ariel Sands
Film shot in Bermuda wins top award
Brangman quits after BCB’s universal ban
Cougars pay tribute to Salaam
Premier talks of toll on family life
Questions raised over completion of pledges
Take Our Poll