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Retail sales rose in July on the back of pent-up demand for construction materials and a spike in boat purchases. After adjusting for inflation, retail sales volume was up 1.5 per cent from July 2019. In value terms consumers spent an estimated $105....

Employment income plunged by more than $113 million during the second quarter as restrictions to curb the spread of Covid-19 sparked a wave of layoffs and reduced hours. Data released by the Department of Statistics offer a glimpse into the economic ...

Declining energy prices have dampened the rate of inflation to a six-year low. The rate of inflation slid to 1 per cent in September, according to Government statistics released today. That is the lowest for any month since December 2009, when Bermud...

The annual rate of inflation hit its lowest point in more than five years in March, as prices rose 1.2 per cent from a year earlier. Government statistics released today showed how the slump in global oil prices has slowed down the increase in the co...

Bermuda consumers are seeing significant benefits from the collapse in world oil prices late in 2014, the latest Government statistics reveal. In December, premium fuel cost almost nine per cent less at the pump than it did a month earlier, according...

Plunging fuel costs limited the rise in the cost of living in November, according to Government statistics released today. The Consumer Price Index measured the annual rate of inflation at 2.3 per cent, down from 2.6 per cent in October. The main inf...

Confidence is growing that an economic recovery is under way in Bermuda, according to a long-standing quarterly survey. The Bermuda Omnibus Survey reveals that more than half of people — for the first time since well before the Island’s five-year rec...

Retail sales slid 2.3 percent in March compared to the same month last year — a dip partly attributed to a later Easter holiday this year. Leading the slide were building supplies stores, whose takings slumped 19.2 percent on the back of a decline in...

The Bermuda Government will pay more than $310,000 per day in interest on its growing mountain of debt in the coming fiscal year. And despite the $70 million of cuts in public spending announced yesterday, next year’s Budget will run a projected defi...

The number of jobs in Bermuda fell by 921 last year, preliminary data from a survey of businesses shows. But the Ministry of Finance is projecting that Bermuda’s economy is likely to emerge from a five-year recession in the second half of this year w...