Today, the Ministry of Economy and Labour released the December 2024 Retail Sales Index publication (attached).
December’s volume of retail sales index decreased 0.6 per cent compared to last year. In value terms, retail sales increased to an estimated $120.2 million.
Three of the seven sectors recorded a year-over-year volume index increase in December 2024:
-
The sales volume for Motor Vehicle Stores increased 20.4 per cent.
-
Service Stations’ sales volume increased 12.6 per cent.
-
The sales volume in the All Other Store Types sector (comprising stores selling household items, furniture, appliances, electronics, pharmaceuticals, and tourist-related goods) increased by 0.5 per cent.
The following sectors had a decrease in sales volume compared to the previous year:
-
Food Stores’ sales volume fell 3.1 per cent.
-
Liquor Stores’ sales volume fell 4.3 per cent.
-
The sales volume for Building Material Stores decreased 6.5 per cent.
-
The sales volume at Apparel Stores decreased 5.6 per cent.
Selected overseas declarations increased by 25.8 per cent compared to December 2023.
The public can review the December 2024 Retail Sales Index report at https://www.gov.bm/retail-sales-index-rsi.