Brunei: Retail sales in Q4 2022 up 2.7 per cent y-o-y

• Apr 18, 2023

Retail sales in the fourth quarter (Q4) of 2022 is up 2.7 per cent year on year, increasing from BND429.4 million to BND440.9 million, according to the Department of Economic Planning and Statistics (JPES) in a recent report.

The increase in retail sales were mainly driven by an increase in the sales of books, newspapers and stationery in specialised stores by 46.2 per cent, followed by textiles, apparel and footwear 39.8 per cent.

Sales at petrol stations also went up by 33.7 per cent, supermarkets by 3.6 per cent and department stores by 3.5 per cent.

The department said the increases were due to the rise in domestic demand in line with the reduction in control measures following the cessation of the COVID-19 restrictions.

Food and beverages services has increased by 39.1 per cent compared to Q4 2021 with an estimated sales revenue increased from BND78.2 million to BND108.8 million.

The department’s Retail Sales Index (RSI) and Food and Beverages Services Index (F&BSI) are preliminary indicators of economic performance for both activities and provides an outlook for consumer spending trends.

Source: https://borneobulletin.com.bn/retail-sales-in-q4-2022-up-2-7-per-cent-y-o-y/