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Economy

Economy contracts by 5% in third quarter

In a surprise setback, the Bermudian economy contracted by 5 per cent in real terms in the third quarter of 2022

FULL ARTICLE Friday Mar 03, 2023

Apparel sales 33.4 per cent lower since pandemic

People are buying fewer clothes in Bermuda, and more overseas

Mar 01, 2023 2:36 PM
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Bermuda’s trade surplus climbs to $206m in third quarter

The third quarter trade surplus was up $41 million from the same period a year ago

Feb 23, 2023 7:50 AM
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International business issues warning over budget

Government has been warned that cost increases could have “repercussions” for investment in Bermuda

Feb 21, 2023 7:53 AM
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Report shows economy held together by international business

A report details how international business growth has supported the Bermuda economy

Feb 20, 2023 7:45 AM
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BMA publish 2023 business plan

The Bermuda Monetary Authority has released its business plan for 2023

Feb 03, 2023 7:41 AM
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Bank follows new Fed rate hike

Butterfield raised interest rates on loans and mortgages by 0.25 per cent following a Fed rate hike

Feb 02, 2023 7:46 AM
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Overseas purchases soar as online buying jumps in October

Overseas purchases soared by 31.6 per cent in October

Jan 27, 2023 8:01 AM
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Welcome to the new year of your future

Sue Couper, general manager of LOM Asset Management Limited advises to get serious about investing in the new year

Jan 11, 2023 7:57 AM
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Retailers pin hopes on record cruise callers

After years of slowdowns, lockdowns and shutdowns affecting revenue, retailers are cautiously optimistic with an historic 224 cruise calls spread throughout 2023

Jan 04, 2023 8:00 AM
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Shoppers still absent amid sluggish retail sales

Hamilton’s busy streets in the final week of Christmas shopping are not indicative of the true state of retail sales, with the latest official figures continuin...

Dec 22, 2022 8:07 AM
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More Economy

Fed raises interest rate, Butterfield responds

Butterfield reacts to rate rise with 0.25% increase

Bank sector Q2 net income up 36.6% to $86.3m

KBRA maintains strong ratings for Bermuda

Bahamas downgraded by Moody's Investors Service

Investment experts predict persistent inflation and recession

Dramatic fall in container shipping rates

KBRA report criticises Fed policy

Bermuda leads world in cost of electricity

Butterfield reacts swiftly as Fed hikes benchmark rate

June overseas spending up $10m since 2017