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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...

The annual rate of inflation eased off to 1.4 per cent in July — the lowest rate since October last year. The largest driver of the increase in the cost of living was health and personal care, which saw price increases of 4.1 per cent from 12 months ...

Employees of the international business sector took home $24.5 million less in compensation during the first quarter of the year than they did in the same period a year earlier. The figure was revealed by the Department of Statistics, which attribut...

A broad measure of Bermuda’s economic activity contracted in the first quarter of this year, according to a report released today. Gross domestic product — the value of goods and services generated by the island’s economy — fell by 0.4 per cent in th...

Retail sales volume plunged by 10 per cent in June compared to the same month in 2017 when the island was hosting the monthlong America’s Cup. It was the fourth successive month of year-over-year retail sales declines, according to data published tod...

The annual rate of inflation fell to 1.7 per cent in May despite the impact of higher health insurance premiums. The insurance increases drove health and personal care costs up by 4.1 per cent from May 2017, according to the Consumer Price Index, rel...

Bermuda recorded a $198 million surplus in its economic transactions with the rest of the world in the fourth quarter of last year. The surplus narrowed by $75 million from the corresponding quarter in 2016, mostly as a result of a lower surplus bala...