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Bermuda’s current account recorded a surplus of $215 million in the second quarter of the year, according to the latest Government statistics. The figure was $1 million up on the from the surplus in the same quarter of last year. The deficit on the g...

Declining energy prices have dampened the rate of inflation to a six-year low. The rate of inflation slid to 1 per cent in September, according to Government statistics released today. That is the lowest for any month since December 2009, when Bermud...

Bermuda’s gross domestic product (GDP) went up 1.5 per cent to more than $1.39 billion in the second quarter of the year after adjustment for inflation. An increase in the balance on trade in goods and services — which offset a decline in investment ...

The retail sales index rose 2.7 per cent in July compared to the previous year. After adjustment for inflation, which was 1.4 per cent in July, the volume of retail sales was up 1.3 per cent. The figures mark the eighth successive monthly increase. A...

Bermuda paid 1.9 per cent more for a typical basket of goods and services in July that it did a year ago. But the level of inflation fell 0.2 of a percentage point on the 2.1 per cent measured in June. The average cost of goods and services also fell...

An upward trend in sales receipts for retailers sharpened further in June, and has been hailed as “a positive shift in consumer confidence”. The retail sales index notched up an eleventh consecutive month of improvement, year-on-year, in June. It ros...

The value of imported goods fell 1.4 per cent to $217 million in the first quarter of the year. The latest Government balance of payments statistics show that there was a $17 million drop in imports from the Island’s largest trading partner, the US. ...

Shoppers paid 2.1 per cent more in June for goods and services than a year before. And the Island’s inflation rate went up 0.9 percentage points from the 1.2 per cent measured in May. Health and personal care notched up the largest increase year on y...

Former minister Quinton Edness has implored the Bermuda Government to impose cuts rather than draw on its $200 million loan agreement with Butterfield Bank. Mr Edness warned last night that incurring further debt on top of the existing $2.185 billio...