Recession lingers on as retail sales decline

Total retail sales in June 2013 decreased 0.9 per cent. Consumers spent an estimated $90.4 million on retail goods during the month. Retailers of service stations experienced the largest increase in sales of 4.4 per cent. In contrast, retailers of building materials reported the strongest decline of 12.7 per cent year-over-year. 

Residents returning to the Island declared overseas purchases valued at $4.5 million during 

June 2013. This contributed to a combined local and overseas spending total of $94.9 million. 

After adjusting for the annual retail sales rate of inflation, measured at 1.4 per cent in May 2013, the volume of retail sales fell by 2.2 per cent. 

There were 25 shopping days during the month, one day less than in June 2012. 

Download the full report: Retail Sales Index June 2013.pdf