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Bermuda’s annual inflation rate remained negative for a third consecutive month in September. The rate was -0.7, the same as reported in August. In July the island recorded its first negative inflation rate since 1965. Consumers paid 0.7 per cent les...

Retail sales jumped 9.2 per cent in volume in August, after adjusting for retail inflation of 0.7 per cent that month. In value terms, retail sales increased year-over-year was about $9 million, or 10.1 per cent. Apparel stores reported a 28.4 per c...

There is a risk that the impact on Bermuda’s economy from the Covid-19 pandemic may be more severe and longer lasting than currently anticipated. That warning comes even as the projected fall in the island’s gross domestic product this year has been ...

On-island shopping habits have changed as a result of the Covid-19 pandemic, and in some ways it is having a positive impact. “People are travelling less, so there is a chance they will do more shopping online. But also, because they are travelling l...

Retail sales in October fell 3.8 per cent compared with the same month in the previous year. In 2015, retailers received a boost during October from the island’s hosting of a Louis Vuitton America’s Cup World Series event, while this year the month w...

Inflation edged up to 2.1 per cent in October, 0.1 of a percentage point higher than the month before. For the second consecutive month, the education, recreation, entertainment and reading sector was the largest contributor to the year-over-year cha...

For the first time in 12 months retail sales have fallen year-on-year in both value and volume. During May the value of sales decreased 1.4 per cent below the $97.9 million recorded in the same month in 2015. After adjusting for the annual retail sal...

The financial services industry in Bermuda had foreign portfolio holdings of more than half-a-trillion dollars last year. At $516 billion, that was up 16 per cent on 2013. While the Island does not feature in the world’s top ten places with the large...