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Retail sales volume fell for an eighth successive month last October. After adjusting for the retail sales rate of inflation, measured at 2.3 per cent in October, the overall volume of retail sales decreased 0.4 per cent, the Department of Statistics...

October’s Retail Sales Index report will be released “within the week”, a government minister promised yesterday. Typically, both the October and November Retail Sales Index reports, produced by the Department of Statistics, would have been released ...

The main driver of Bermuda’s increase in gross domestic product is expected to continue to deliver positive economic news, a Bermuda Government minister said yesterday. GDP for the third quarter of 2018 increased 1.6 per cent year-over-year, Governme...

Bermuda dipped into a technical recession in the first three months of last year, revised figures show. The last time the island recorded two consecutive negative growth quarters — generally referred to as a technical recession — was 2014 when there ...

An economic indicator that strongly improved during the period when the island hosted the 2017 America’s Cup, has edged higher again. Bermuda’s gross domestic product for the second quarter of 2018, when adjusted for inflation, rose by 0.8 per cent y...

Bermuda’s economy is facing challenges on multiple fronts as it heads into 2019. A potent combination of increasing taxes, growing external threats to the island’s international business sector from the likes of the European Union, consolidation in t...

Bermuda’s labour force has shrunk over the past two years, while the unemployment rate has dropped and pay packets have swollen. These were some of the findings of the 2018 Labour Force Survey, published by the Department of Statistics yesterday. The...

The economic rejuvenation of the English town of Preston through “community wealth building” has attracted much attention in recent years. Julian Manley, one of strategists behind the ongoing economic transformation of Preston, will speak at an event...

The rate of inflation fell to 0.9 per cent in August from 1.4 per cent in July, reaching its lowest level since June 2016. The biggest single sector drop was in transport and foreign travel, which declined 2.3 per cent, with the average cost of overs...

Bermuda’s gross domestic product grew by 2.5 per cent after inflation last year, thanks partly to an economic boost from the America’s Cup. The strongest growth was in the hotel and restaurant sector and the real estate and renting industry, two of t...