Retail Sales Increase

​Retail sales performance in Brunei Darussalam has shown an increase of 4.3 per cent compared to the first quarter of last year. According to the media release issued by the Department of Economic Planning and Statistics, Ministry of Finance and Economy, the increase was driven by higher domestic demand following the impact of COVID-19 outbreak that has increased sales for Supermarkets; Department Stores; Mini Marts; Computer and Telecommunication Equipment; Electrical household appliances; and lighting equipment in specialised stores.

 

The department also released two new reports on the Retail Sales Index and Food and Beverages Services Index, which will be released every quarter starting first quarter of 2020. Compared to the fourth quarter of 2019, retail sales has recorded an increase of 6.6 per cent in the first quarter of 2020. Sales increases were recorded in Supermarket; Department Store; Mini mart; Computer and Telecommunication Equipment; Hardware; paints and glass in specialised stores; Furniture and Household equipment; Electrical household appliances and lighting equipment in specialised stores and others. The estimated retail sales value was 406 million dollars.

 

For food and beverage services in Brunei Darussalam in first quarter of 2020 compared to the same period last year, sales performance of these services has increased by 0.4 per cent, which is driven by Fast Food Outlets and Beverage Serving Activities. Compared to the fourth quarter of 2019, food and beverage services have recorded a 1.7 per cent decline in the first quarter of 2020. This is due to the decline in revenues of Restaurants, Fast Food Outlets and Other food service activities. The value of sales for food and beverages services was estimated at 84.9 million dollars. Full reports of both activities are available at ‘www.deps.gov.bn’.

 

Source: Radio Television Brunei