Today the Minister for the Cabinet Office the Hon. Wayne Furbert, JP, MP, released the October 2020 Retail Sales Index.
In October, the overall volume of local retail sales increased 7.9%. This compares to the previous year’s local retail sales which reported a volume decrease of 3.6% for October 2019.
Minister Furbert said, “The retail sales growth in October 2020 is the 4th consecutive month of increase as compared to the same month in 2019. This consistent increase in activity is good news for Bermuda’s economy, and many local businesses.”