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June 2020 Retail Sales Index Decreased By 6% Affected by COVID-19 Restrictions Like Curfew Hours

News   |   October 14, 2020

News Release: HAMILTON, Bermuda – Minister for the Cabinet Office Wayne Furbert today 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 percent in June, the overall volume of local retail sales decreased 6.0 percent. 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 percent 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 percent

• Food Stores’ sales volume increased 0.4 percent

• Liquor Stores’ sales volume increased 4.4 percent

• All Other Store Types’ sales volume increased 1.7 percent

• Motor Vehicle Stores’ sales volume decreased 18.1 percent

• Service Stations’ sales volume fell 23.6 percent

• Apparel Stores’ sales volume dropped 44.2 percent

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