Log In

Reset Password
BERMUDA | RSS PODCAST

Liquor sales fuel retail increase

A ten percent increase in liquor sales helped retail sales show an increase last November, according to a report released this morning.

The Retail Sales Index showed that sales recovered by 1.3 percent, or $1.1 million, during November 2012. Sales activity increased in five of the seven retail sectors, according to the report with liquor stores and motor vehicle stores registered the largest gains in sales of 10.1 percent and 9.6 percent, respectively. In contrast, retailers of building materials reported the strongest dip in sales of 28.7 percent.

Goods valued at $6.7 million were declared by residents returning to the Island from overseas trips during November 2012. This was 13.6 percent, or $800,000, more than the $5.9 million declared in November 2011. Combined local and overseas spending totalled $88.8 million.

After adjusting for the annual retail sales rate of inflation, measured at 1.5 percent in November 2012, the volume of retail sales fell by 1.8 percent.

You must be Registered or to post comment or to vote.

Published January 19, 2013 at 8:00 am (Updated January 18, 2013 at 11:24 pm)

Liquor sales fuel retail increase

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon