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The financial services industry in Bermuda had foreign portfolio holdings of more than half-a-trillion dollars last year. At $516 billion, that was up 16 per cent on 2013. While the Island does not feature in the world’s top ten places with the large...

America’s Cup fever boosted sales in clothes and tourist-related stores in October. Sales revenue in clothes stores rocketed by more than a third and around 12 per cent of the total was attributed to the Louis Vuitton America’s Cup World Series event...

Inflation dropped to 0.6 per cent in October compared to the previous month, according to the latest Government figures. Inflation fell 0.4 per cent from the 1 per cent rate in September. Consumers in October paid 0.6 per cent more for a standard bas...

Retail sales rose for the thirteenth month in a row in September, according to the latest Government statistics. The year-on-year headline figure rose by 2.5 per cent, but, after adjustment for inflation, stood at 1.4 per cent. And vehicle sales notc...

Bermuda’s current account recorded a surplus of $215 million in the second quarter of the year, according to the latest Government statistics. The figure was $1 million up on the from the surplus in the same quarter of last year. The deficit on the g...

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...

Bermuda’s gross domestic product (GDP) went up 1.5 per cent to more than $1.39 billion in the second quarter of the year after adjustment for inflation. An increase in the balance on trade in goods and services — which offset a decline in investment ...

The retail sales index rose 2.7 per cent in July compared to the previous year. After adjustment for inflation, which was 1.4 per cent in July, the volume of retail sales was up 1.3 per cent. The figures mark the eighth successive monthly increase. A...

Bermuda paid 1.9 per cent more for a typical basket of goods and services in July that it did a year ago. But the level of inflation fell 0.2 of a percentage point on the 2.1 per cent measured in June. The average cost of goods and services also fell...

An upward trend in sales receipts for retailers sharpened further in June, and has been hailed as “a positive shift in consumer confidence”. The retail sales index notched up an eleventh consecutive month of improvement, year-on-year, in June. It ros...