Retail Sales Index – June 2023

August 4, 2023

On a year-on-year basis, retail sales rose 1.1% in June 2023, following the 1.8% growth in May 2023. Excluding motor vehicles, retail sales increased 2.5%, compared to the 1.7% growth in May 2023. On a seasonally adjusted basis, retail sales decreased 0.8% in June 2023 over the previous month. Excluding motor vehicles, seasonally adjusted retail sales rose 0.2% compared to May 2023.

The estimated total retail sales value in June 2023 was $3.8 billion. Of this, an estimated 12.7% were from online retail sales, higher than the 11.9% recorded in May 2023. Excluding motor vehicles, the total retail sales value was about $3.4 billion, of which 14.3% were from online retail sales. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment and Supermarkets & Hypermarkets industries made up 49.8%, 30.7% and 12.6% of the total sales of their respective industry.

Click here to read more.