Bermuda Post

Sunday, Oct 25, 2020

June 2020 Retail Sales Index

June 2020 Retail Sales Index

Today the Minister for the Cabinet Office the Hon. Wayne Furbert, JP, MP, released the June 2020 Retail Sales Index publication from the Department of Statistics. 
The Minister explained, “After adjusting for the retail sales rate of inflation, measured at 1.2 per cent in June, the overall volume of local retail sales decreased 6.0 per cent. Retail sales activity in June 2020 was affected by Coronavirus (Covid-19) restrictions such as curfew hours, alphabetized shopping days and limited in-store customer occupancy for some retail establishments. Meanwhile, total selected overseas declarations decreased 11.8 per cent in June 2020 compared to June 2019. Overseas declarations includes imports received via courier, residents through the airport, households by sea and the Bermuda Post Office.”

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

Building Material Stores’ sales volume rose 7.5 per cent.
Food Stores’ sales volume increased 0.4 per cent.
Liquor Stores’ sales volume increased 4.4 per cent.
All Other Store Types’ sales volume increased 1.7 per cent.
Motor Vehicle Stores’ sales volume decreased 18.1 per cent.
Service Stations’ sales volume fell 23.6 per cent.
Apparel Stores’ sales volume dropped 44.2 per cent.

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