Retail sales for the month of December decreased by 4.2 percent, after adjusting for the rate of inflation measured at 1.0 percent.
According to the latest figures released by the Department of Statistics on Friday (March 6), “total selected overseas declarations increased 19.1 percent in December 2019 compared to December 2018”.
“Overseas declarations includes imports received via courier, residents through the airport, households by sea and the post office.”
Highlighted below are the December 2019 year-over-year changes for each of the seven local retail sectors:
- Apparel Stores’ sales volume declined 16.4 percent
- Motor Vehicle Stores’ sales volume decreased 14.1 percent
- Building Material Stores’ sales volume declined 7.6 percent
- Liquor Stores’ sales volume decreased 6.2 percent
- Service Stations’ sales volume decreased 2.7 percent
- All Other Store Types’ sales volume decreased 2.0 percent
- Food Stores’ sales volume decreased 1.4 percent