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Retail sales in Bermuda dropped last November for the first month in a year, the latest Government figures have revealed. Sales were down $3.6 million, or 0.6 per cent, to $85.5 million on the $89.1 million recorded for October. Returning residents d...

The total amount of wages and salaries earned in Bermuda in the third quarter of 2015 rose 3.4 per cent from the same period the year before, government statistics show. More than four-fifths of the increase was attributable to one sector — internati...

The inflation rate rose to 1.4 per cent in November according to the latest government statistics — but the rise in the cost of living was dampened by the continuing fall in electricity costs. Fuel and power sector costs plunged 11.3 per cent from No...

Bermuda’s economic growth is accelerating, according to the latest government figures. Gross domestic product in the third quarter of 2015 was $1.35 billion — up 6.3 per cent on the same period in 2014. Real GDP growth — that is, adjusted for inflati...

Bermuda’s current account recorded a surplus of $224 million in the third quarter of last year. The figure represented a $62 million increase compared to the same period last year, partly driven by the fall in the global oil prices that led to Bermud...

As the year draws to a close, commentator Nathan Kowalski gives his assessment on the state of the economy in Bermuda. The first two quarters of reported GDP in 2015 were comforting with real GDP growing 1.8 per cent. We expect, based on recent data...

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...

America’s Cup fever boosted sales in clothes and tourist-related stores in October. Sales revenue in clothes stores rocketed by more than a third and around 12 per cent of the total was attributed to the Louis Vuitton America’s Cup World Series event...

Inflation dropped to 0.6 per cent in October compared to the previous month, according to the latest Government figures. Inflation fell 0.4 per cent from the 1 per cent rate in September. Consumers in October paid 0.6 per cent more for a standard bas...

Retail sales rose for the thirteenth month in a row in September, according to the latest Government statistics. The year-on-year headline figure rose by 2.5 per cent, but, after adjustment for inflation, stood at 1.4 per cent. And vehicle sales notc...