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In Q1 2022, the efficiency of the retail gross sales confirmed a year-on-year (y-o-y) lower of three.9 per cent with an estimated worth decreased from BND468.5 million to BND450.1 million.
When it comes to quantity, the retail gross sales additionally recorded a adverse development of 8.4 per cent y-o-y, mentioned the Division of Financial Planning and Statistics (DEPS) in a report yesterday.
The decline in retail gross sales was primarily attributable to a drop in gross sales at petrol stations by 21.7 per cent, on account of lack of home demand amid restricted actions following on-line studying and educating in addition to work-from-home preparations. This was adopted by the lower within the gross sales in shops by 5.6 per cent, gross sales of others 12.5 per cent, gross sales of textiles, carrying attire and footwear 19.7 per cent, and gross sales of {hardware}, paints and glass in specialised shops 10.9 per cent. As well as, the gross sales quantity of those retail actions additionally registered a lower.
As for the meals and drinks companies, it has additionally decreased by 10.3 per cent in comparison with Q1 2021 with an estimated gross sales income decreased from BND104.0 million to BND93.3 million. When it comes to quantity, meals and drinks exercise additionally recorded a adverse development of 10.6 per cent y-o-y.
The decline in gross sales income of meals and drinks was primarily attributed to a decline within the gross sales income of eating places by 12.6 per cent because of dine-in capability limitations at 75 per cent in comparison with full capability in quarter one of many earlier 12 months which was additionally in keeping with decrease gross sales quantity. This was adopted by the decline within the gross sales income of fast-food retailers by 5.7 per cent, catering service actions 15 per cent, beverage serving actions 12.7 per cent, and different meals service actions 1.5 per cent.
In comparison with This fall 2021, the retail gross sales in Q1 2022 recorded a rise of 4.8 per cent primarily on account of a rise within the gross sales in division retailer by 6.7 per cent, gross sales of textiles, carrying attire and footwear 44.1 per cent, gross sales in petrol station 14.6 per cent, gross sales of watches and jewelry 18.1 per cent, and gross sales in grocery store 4.1 per cent.
As for the meals and beverage companies, it has additionally recorded a rise of 19.3 per cent in Q1 2022 in comparison with This fall 2021 primarily because of the enhance in gross sales income of eating places by 24.4 per cent, fast-food retailers 14.0 per cent, different meals service actions 9.6 per cent, catering service actions 6.3 per cent, and beverage serving actions 6.8 per cent.
In comparison with This fall 2021, the rise in retail gross sales and meals and beverage companies actions was in keeping with the rise in home demand as most management measures have been diminished, akin to rising the capability for the entry of consumers into enterprise premises from 50 per cent to 75 per cent following the transition to the COVID-19 endemic section.
Retail Gross sales Index (RSI) and Meals and Drinks Companies Index (F&BSI) are preliminary indicators of financial efficiency for each actions and gives an outlook for shopper spending tendencies in Brunei Darussalam on a quarterly foundation.
Full experiences of each actions can be found from the DEPS’ web site.
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