Retail sales fall 15% in May | The Royal Gazette:Bermuda Business
Retail sales volume in May was down 15 per cent year-on-year. The drop largely reflected the impact of Covid-19 safety restrictions that month, which included curfew hours and kerbside pick up sales for some businesses.In value terms, retail sales fell 13.9 per cent to an estimated $86.4 millionWayne Furbert, Minister for the Cabinet Office, said: “After adjusting for the retail sales rate of inflation, measured at 1.3 per cent in May, the overall volume of local retail sales decreased 15 p