Bermuda Post

Monday, Nov 30, 2020

July 2020 Bermuda Retail Sales Index

July 2020 Bermuda Retail Sales Index

Today the Minister for the Cabinet Office the Hon. Wayne Furbert, JP, MP, released the July 2020 Retail Sales Index publication from the Department of Statistics. 
The Minister explained, “After adjusting for the retail sales rate of inflation, measured at negative 0.2 per cent in July, the overall volume of local retail sales increased 1.5 per cent. Meanwhile, total selected overseas declarations decreased 8.4 per cent in July 2020 compared to July 2019. Overseas declarations includes imports received via courier, residents through the airport, households by sea and the Bermuda Post Office.”

The July 2020 Retail Sales Index publication is available online at https://www.gov.bm/retail-sales-index-rsi.

Highlighted below are the July 2020 year-over-year changes for each of the seven local retail sectors:

Building Material Stores’ sales volume increased 13.0 per cent.
All Other Store Types’ sales volume rose 6.3 per cent.
Food Stores’ sales volume increased 2.2 per cent.
Liquor Stores’ sales volume increased 11.1 per cent.
Motor Vehicle Stores’ sales volume declined marginally by 0.8 per cent.
Service Stations’ sales volume fell 8.7 per cent.
Apparel Stores’ sales volume declined 22.6 per cent.
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