The Ministry of Economy and Labour released the May 2024 Retail Sales Index publication.
May’s volume of retail sales index increased 1.8 per cent compared to last year. In value terms, retail sales increased to an estimated $115.0 million.
Five of the seven sectors recorded year-over-year volume index increases in May 2024:
- Motor Vehicle Stores’ sales volume increased 6.2 percent.
- Service Stations’ sales volume increased 2.1 per cent.
- The sales volume for Building Material Stores increased 12.8 per cent.
- The sales volume at Apparel Stores increased 2.2 per cent.
- Sales volume increased 3.8 per cent in the All Other Store Types sector (comprising stores selling household items, furniture, appliances, electronics, pharmaceuticals and tourist-related goods).
The following sectors had a decrease in sales volume compared to the previous year:
- The sales volume for Food Stores dropped 0.9 per cent.
- The Liquor Stores’ sales volume fell 1.6 per cent.
Selected overseas declarations decreased 4.3 per cent compared to May 2023.
The public can review the May 2024 Retail Sales Index report at https://www.gov.bm/retail-sales-index-rsi.
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