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Island countries are set to be buffeted by major global changes, a report from KPMG has warned. The Emerging Trends in Infrastructure report from the professional services firm spotlighted ten global trends, many of which “underscore a drive for more...

Retail sales last December fell 2.4 per cent compared to the same period in 2015. The total spend dropped to $108.9 million from $111.6 million, with three of the seven sectors monitored by Government statisticians reporting decreases in sales revenu...

The rate of inflation dropped slightly last December to 1.6 per cent, 0.1 percentage points down from November. The price change refers to the standard basket of goods and services measured by the consumer price index compared to the same period in 2...

A sharp increase in tourism revenues helped to support Bermuda’s current account surplus in the third quarter of last year, even as reinsurance receipts fell. The island recorded a surplus of $208 million in the July through September period, narrowi...

A measure of the size of Bermuda’s economy shrank in the third quarter of last year, as the value of exports fell while imports rose. The island’s gross domestic product in the July through September period was estimated at $1.36 billion — down 0.5 p...

Retail sales in October fell 3.8 per cent compared with the same month in the previous year. In 2015, retailers received a boost during October from the island’s hosting of a Louis Vuitton America’s Cup World Series event, while this year the month w...

Inflation edged up to 2.1 per cent in October, 0.1 of a percentage point higher than the month before. For the second consecutive month, the education, recreation, entertainment and reading sector was the largest contributor to the year-over-year cha...

The cost of living rose in September at the highest rate in more than a year. Inflation, as measured by the Consumer Price Index, hit 2 per cent with education, healthcare and food costs the main contributors to the increase. The Department of Statis...

Bermuda’s economy grew in the second quarter of the year, driven by an increase in services exports and higher capital spending. Gross domestic product — a measure of all the goods and services produced by the island — totalled $1,442.7 million, up 2...

Bermuda’s economy grew in real terms last year for the first time in seven years, according to government statistics released yesterday. Gross domestic product — the value of all the goods and services the island produces — was $5.9 billion last year...