Retail Sales Index – September 2022

November 17, 2022

On a year-on-year basis, retail sales increased 11.2% in September 2022, following the 13.3% increase in August 2022. Excluding motor vehicles, retail sales rose 16.8%, following the 16.6% increase in August 2022. The year-on-year increase in retail sales was partly attributed to larger growths in industries such as Wearing Apparel & Footwear, Food & Alcohol and Watches & Jewellery. On a seasonally adjusted basis, retail sales rose 3.3% in September 2022 over the previous month. Excluding motor vehicles, seasonally adjusted retail sales grew by 4.2% compared to August 2022.

The estimated total retail sales value in September 2022 was $3.8 billion. Of this, online retail sales made up an estimated 13.8%, compared to the 12.5% recorded in August 2022. Excluding motor vehicles, the total retail sales value was about $3.4 billion, of which 15.6% came from online retail sales. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment and Supermarkets & Hypermarkets industries made up 50.8%, 29.3% and 14.2% of the total sales of their respective industry. Click here to find out more.