Retail Sales Index – April 2023June 5, 2023
On a year-on-year basis, retail sales increased 3.6% in April 2023, following the 4.5% increase in March 2023. Excluding motor vehicles, retail sales grew by 4.2%, extending the 4.0% increase in March 2023. On a seasonally adjusted basis, retail sales increased 0.3% in April 2023 over the previous month. Excluding motor vehicles, seasonally adjusted retail sales increased 1.5% compared to March 2023.
The estimated total retail sales value in April 2023 was $3.9 billion. Of this, online retail sales made up an estimated 12.0%, lower than the 13.0% recorded in March 2023. Excluding motor vehicles, the total retail sales value was about $3.4 billion, of which 13.6% came from online retail sales. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment and Supermarkets & Hypermarkets industries made up 48.8%, 28.5% and 12.7% of the total sales of their respective industry. Click here to read more.