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Retail sales went up 4.4 per cent in January compared to the previous year. Total spending, including $4.4 million in overseas purchases, totalled $89.4 million for the month. Four out of the seven sectors saw increases in revenue, with motor vehicle...

A fourth consecutive month of lower fuel and power prices kept the lid on inflation in January. The fuel adjustment rate on Belco bills fell 11.1 per cent in the first month of the year, thanks mainly to a fall in the price of the diesel and heavy oi...

Retail sales volume dropped by more than 1 per cent in December last year — the second successive drop after 11 months of increases. A 30.8 per cent jump in the automotive sector compared to the same month in 2014 contributed to the 0.5 per cent incr...

A major survey of business confidence in Bermuda is set to be unveiled tomorrow to an invited audience. The survey, sponsored by HSBC and carried out by Total Research Associates, invited nearly 400 business people on the island to take part. Mark Wa...

Retail sales in Bermuda dropped last November for the first month in a year, the latest Government figures have revealed. Sales were down $3.6 million, or 0.6 per cent, to $85.5 million on the $89.1 million recorded for October. Returning residents d...

The total amount of wages and salaries earned in Bermuda in the third quarter of 2015 rose 3.4 per cent from the same period the year before, government statistics show. More than four-fifths of the increase was attributable to one sector — internati...

The inflation rate rose to 1.4 per cent in November according to the latest government statistics — but the rise in the cost of living was dampened by the continuing fall in electricity costs. Fuel and power sector costs plunged 11.3 per cent from No...

Bermuda’s economic growth is accelerating, according to the latest government figures. Gross domestic product in the third quarter of 2015 was $1.35 billion — up 6.3 per cent on the same period in 2014. Real GDP growth — that is, adjusted for inflati...

Bermuda’s current account recorded a surplus of $224 million in the third quarter of last year. The figure represented a $62 million increase compared to the same period last year, partly driven by the fall in the global oil prices that led to Bermud...

As the year draws to a close, commentator Nathan Kowalski gives his assessment on the state of the economy in Bermuda. The first two quarters of reported GDP in 2015 were comforting with real GDP growing 1.8 per cent. We expect, based on recent data...