On Thursday, 22 March, the Ministry of Economy and Labour released the December 2021 Retail Sales Index.
December’s retail sales fell 8.8% compared to last year. In value terms, retail sales decreased to an estimated $113.3 million, falling 5.4% compared to the previous year (December 2020).
However, compared to the pre-pandemic year of 2019, volume sales were 3.8% higher.
Service Stations’ sales also grew 2.8% due to increased vehicular traffic compared to the previous year. The sales volume for this sector remained 1.3% below the 2019 sales level.