Up to date: Could 23, 2024 06:54 PM
A quiet Washington Mall scene in 2023. The Retail Gross sales Index fell virtually each month of the yr ({Photograph} by David Fox)
For the fifth consecutive month, the December 2023 total quantity of Retail Gross sales Index fell, when in comparison with its corresponding month in 2022. This, the Authorities’s newest just-released figures present, after adjusting for the retail gross sales charge of inflation of two.3 per cent.
The index additionally decreased 2.3 per cent for December 2023, when put next with December 2022.
The annual proportion change in gross sales quantity fell for 11 out of the 12 months of 2023.
In worth phrases, retail gross sales remained unchanged at an estimated $118.9 million, when put next with December 2022. Excluding Sundays, there have been 24 buying days, one fewer than in December 2022.
Abroad declarations decreased 3.3 per cent in comparison with December 2022. Imports by way of courier decreased $3.4 million to $12.8 million, a lower attributed to the decrease importations of articles of attire and clothes equipment, not knitted nor crocheted.
Imports by households by way of sea elevated $1.6 million to $12.0 million. Declarations on the airport by returning residents elevated $0.6 million to $6.3 million. Imports by way of the Bermuda Publish Workplace elevated $0.1 million to $0.7 million.
5 of the seven sectors recorded year-to-year gross sales quantity index decreases whereas 4 of the sectors recorded gross sales worth index decreases throughout December 2023.
• The gross sales quantity for Meals Shops fell 0.2 per cent
• The Liquor Shops’ gross sales quantity fell 0.8 per cent
• The gross sales quantity for Constructing Materials Shops decreased 3.0 per cent
• The gross sales quantity at Attire Shops decreased 6.1 per cent
• The gross sales quantity within the All Different Retailer Varieties sector (comprising shops promoting home goods, furnishings, home equipment, electronics, prescription drugs, and tourist-related items) decreased by 6.0 per cent
The next sectors had a rise in gross sales quantity in comparison with the earlier yr:
• Motor Automobile Shops’ gross sales quantity elevated 3.3 per cent
• Service Stations’ gross sales quantity grew 3.8 per cent
Chosen abroad declarations decreased 3.3 per cent in comparison with December 2022