Today, the Ministry of Economy and Labour released the October 2024 Retail Sales Index publication (attached). 

October’s volume of retail sales index increased 1.4 per cent compared to last year.  In value terms, retail sales increased to an estimated $104.1 million.

Four of the seven sectors recorded a year-over-year volume index increase in October 2024:  

• The Food Stores’ sales volume grew 3.8 per cent.

• Service Station’s sales volume increased 2.3 per cent.

• The sales volume for Building Material Stores increased 13.4 per cent.

• The sales volume at Apparel Stores increased 3.9 per cent.

The following sectors had a decrease in sales volume compared to the previous year:

• The Liquor Stores’ sales volume fell 2.5 per cent.

• The sales volume for Motor Vehicle Stores decreased 1.1 per cent.

• In the All Other Store Types sector (comprising stores selling household items, furniture, appliances, electronics, pharmaceuticals and tourist-related goods), there was a 1.9 per cent decline in sales volume.

Selected overseas declarations increased 11.4 per cent compared to October 2023.

The public can review the October 2024 Retail Sales Index report at https://www.gov.bm/retail-sales-index-rsi.