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Balance of payments figures released by the Government show a current account surplus of $313 million in the second quarter of 2021 — a $37 million increase year over year. The growth in the surplus reflected an increase in the inflow of currency to ...

Bermuda’s annual inflation rate increased at the highest rate in four years in July, increasing to 2.2 per cent. The rise was a full percentage point higher than June’s figure of 1.2 per cent and the highest since inflation hit 2.4 per cent in March...

The volume of retail sales was 5.9 per cent higher in June than in June 2020, after adjusting for the retail sales rate of inflation, measured at 1.9 per cent in the month. The uptick was attributed mostly to increased spending on-island by resident...

Bermuda’s inflation rate may be four times higher than the Government’s official Consumer Price Index, according to a Bermuda investment firm. Anchor Investment Management also warned its investors that it expects inflation to stay at 5 per cent or ...

Inflation figures just released by government show that during June consumers paid 1.2 per cent more than they did in June 2020 for the basket of goods and services. The Ministry for the Cabinet Office released the latest Consumer Price Index (CPI) p...

Ten infrastructure projects awarded under Government’s short-term economic stimulus programme are complete while a further 11 are ongoing, the House of Assembly has been told. Wayne Furbert, the Acting Minister of Public Works, said awards to compani...

Stark quarterly Gross Domestic Product figures show the economy has substantially contracted for the first quarter of the year – the fifth quarterly reduction in a row. Minister for the Cabinet Office Wayne Furbert revealed yesterday GDP fell by 4.3 ...

Just a day after releasing the April Retail Sales Index report, the Minister for the Cabinet Office yesterday reported May figures showing an overall volume increase of 10.4 per cent year-over-year. That figure was arrived at after adjusting for the ...

The value of retail sales jumped 25.4 per cent in April, but largely because much of the island was locked down in the same month in 2020 during the pandemic. Wayne Furbert, the Cabinet Office minister, said the overall volume of local retail sales...

Bermuda recorded a first quarter 2021 balance of payments surplus nearly $100 million higher than for the same period the year before, Minister for the Cabinet Office Wayne Furbert has reported. In a press statement, the Minister said: “Bermuda’s tra...