Log In

A measure of the size of Bermuda’s economy shrank in the third quarter of last year, as the value of exports fell while imports rose. The island’s gross domestic product in the July through September period was estimated at $1.36 billion — down 0.5 p...

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...

The cost of living rose in September at the highest rate in more than a year. Inflation, as measured by the Consumer Price Index, hit 2 per cent with education, healthcare and food costs the main contributors to the increase. The Department of Statis...

Bermuda’s economy grew in the second quarter of the year, driven by an increase in services exports and higher capital spending. Gross domestic product — a measure of all the goods and services produced by the island — totalled $1,442.7 million, up 2...

Bermuda’s economy grew in real terms last year for the first time in seven years, according to government statistics released yesterday. Gross domestic product — the value of all the goods and services the island produces — was $5.9 billion last year...

July’s rate of inflation jumped to the highest level since January as an increase in land tax and electricity bills pushed the cost of living higher. Consumers paid 1.6 per cent more in July 2016 than they did a year before for the basket of goods a...

Retail sales went up more than 2 per cent in June, Government statisticians said. Sales in five of the seven sectors increased, pushing the rise to 2.1 per cent and the value from $100.9 million recorded for the same month last year to $103 million. ...

Bermuda’s current-account surplus narrowed in the first quarter mainly due to a slump in investment income. The island recorded a surplus of $121 million in the January-through-March period, down by $99 million from the same period last year. The inv...

Bermuda’s economy cooled slightly in the first quarter of this year, despite a pick-up in household consumption and construction activity. The Department of Statistics today released figures which showed that the island’s gross domestic product contr...