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Bermuda’s economy grew during the second quarter of this year, thanks mainly to capital investment in projects including Belco’s new power station. During the April-through-June period, gross domestic product rose 3.3 per cent year over year, after a...

Employment income rose by 1.2 per cent in Bermuda in the second quarter of this year, according to data from the Office of the Tax Commissioner. The island’s working population earned a total of $873.28 million during the April-through-June period, u...

Consumers paid more for goods and services in June than they did in the same month in 2018. The Consumer Price Index rose 0.7 per cent, year-on-year. The inflation rate year-on-year more than doubled during the month, rising by 0.4 of a percentage po...

First-quarter gross domestic product rose 3.7 per cent, after being adjusted for inflation, in the first quarter of this year. It was the fastest growth in quarterly GDP since the third quarter of 2015 and was helped by strong growth in construction ...

Bermuda’s surplus in economic transactions with the rest of the world narrowed to $204 million in the first quarter of this year. One of the drivers of the $116 million fall in the current-account surplus, compared to the first quarter of 2018, was a...

Consumers paid more for goods and services in April, than they did in the same month in 2018. The Consumer Price Index rose 1 per cent, year-on-year. The rate of inflation declined 0.2 percentage points from the 1.2 per cent measured in March. Betwee...

Bermuda’s 13-month run of declining year-on-year retail sales has been halted. Figures released today revealed that the overall volume of retail sales increased by 0.5 per cent in April after being adjusted for inflation, which was 1.6 per cent durin...

Consumers paid more for goods and services in March than they did in the same month in 2018. The Consumer Price Index rose 1.2 per cent, year-on-year. The level of inflation increased by 0.1 of a percentage point from the 1.1 per cent measured in Feb...

Retail sales volume fell again in January, marking an eleventh successive month of decline. Apparel stores were the hardest hit sector with a volume decrease of 22.8 per cent from last year. Motor vehicle sales volume dipped 11.8 per cent. Overall sa...

Retail sales volume fell 5.3 per cent in December, marking a tenth successive month of decline in the biggest month of the year for many stores. For the first time, the Retail Sales Index from the Department of Statistics detailed the value of import...