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Bermuda’s gross domestic product grew by 2.5 per cent after inflation last year, thanks partly to an economic boost from the America’s Cup. The strongest growth was in the hotel and restaurant sector and the real estate and renting industry, two of t...

The annual rate of inflation eased off to 1.4 per cent in July — the lowest rate since October last year. The largest driver of the increase in the cost of living was health and personal care, which saw price increases of 4.1 per cent from 12 months ...

Employees of the international business sector took home $24.5 million less in compensation during the first quarter of the year than they did in the same period a year earlier. The figure was revealed by the Department of Statistics, which attribut...

A broad measure of Bermuda’s economic activity contracted in the first quarter of this year, according to a report released today. Gross domestic product — the value of goods and services generated by the island’s economy — fell by 0.4 per cent in th...

Retail sales volume plunged by 10 per cent in June compared to the same month in 2017 when the island was hosting the monthlong America’s Cup. It was the fourth successive month of year-over-year retail sales declines, according to data published tod...

The annual rate of inflation fell to 1.7 per cent in May despite the impact of higher health insurance premiums. The insurance increases drove health and personal care costs up by 4.1 per cent from May 2017, according to the Consumer Price Index, rel...

Bermuda recorded a $198 million surplus in its economic transactions with the rest of the world in the fourth quarter of last year. The surplus narrowed by $75 million from the corresponding quarter in 2016, mostly as a result of a lower surplus bala...

Retail sales rose by 2.5 per cent in February compared to the same month last year, boosted by an increase in building materials demand. After inflation was taken into account, volume rose 0.2 per cent for a second successive month of real growth aft...

Retail sales volume rose for the first time in five months in January. The Department of Statistics reported today that retail sales in Bermuda climbed 3 per cent year over year to $87.1 million in January. After adjusting for inflation the increase ...

Bermuda’s economy expanded at a healthy pace in the third quarter of last year — and revisions to past data show the economy grew more than previously reported in the three quarters before that. Gross domestic product rose 3.9 per cent in the July th...