Today, the Ministry of Economy and Labour released the January 2022 Retail Sales Index.
January’s retail sales fell 6.3% compared to last year. In value terms, retail sales fell 2.7% from the previous year (January 2021) to an estimated $88.2 million.
Compared to the pre-pandemic period of January 2020, volume sales were 1.4% lower.
However, two sectors experienced growth in January 2022.