December’s volume of retail sales index decreased by 2.3 percent in 2023 when compared to the previous year.

In terms of value, retail sales remained unchanged at an estimated $118.9 million.

According to the Retail Sales Index for December 2023 released on Friday, five of the seven sectors recorded year-over-year volume index decreases in December 2023:    

  • The sales volume for Food Stores fell 0.2 percent
  • The Liquor Stores’ sales volume fell 0.8 percent
  • The sales volume for Building Material Stores decreased 3.0 percent
  • The sales volume at Apparel Stores decreased 6.1 percent
  • The sales volume in the All Other Store Types sector (comprising stores selling household items, furniture, appliances, electronics, pharmaceuticals, and tourist-related goods) decreased by 6.0 percent

The following sectors had an increase in sales volume compared to the previous year:

  • Motor Vehicle Stores’ sales volume increased 3.3 percent
  • Service Stations’ sales volume grew 3.8 percent

Selected overseas declarations decreased 3.3 percent compared to December 2022.

The public can review the December 2023 Retail Sales Index report at https://www.gov.bm/retail-sales-index-rsi.