In the second quarter (Q2) 2024, retail sales recorded a negative growth of 6.1 per cent year-on-year, after increasing by 3.0 per cent in Q1 2024. On a quarter-on-quarter basis, retail sales also recorded a decrease by 6.4 per cent following an increase of 0.8 per cent in Q1 2024.
The total value of retail sales in Q2 2024 was estimated at BND418.9 million. Almost one-third (27.5 per cent) was contributed by Department Stores with sales worth BND115.0 million, followed by Supermarkets (BND72.7 million or 17.4 per cent).
In terms of volume, retail sales recorded a negative growth of 5.9 per cent year-on-year in Q2 2024, after increasing by 5.9 per cent in Q1 2024. On a quarter-on-quarter basis, retail sales also recorded a negative growth of 8.4 per cent after increasing by 3.1 per cent in Q1 2024.
