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Within the third quarter (Q3) 2022, the efficiency of the retail gross sales confirmed a year-on-year improve of 4.8 per cent with an estimated worth elevated from BND407.4 million to BND427.0 million.
When it comes to quantity, the retail gross sales additionally recorded a optimistic progress of two.4 per cent year-on-year.
The rise in retail gross sales was primarily brought on by a rise in gross sales of textiles, carrying attire and footwear by 36.5 per cent, adopted by gross sales of {hardware}, paints and glass in specialised shops 27.3 per cent; gross sales at petrol station 22.8 per cent; and gross sales of watches and jewelry 22.8 per cent.
The rise was as a result of rise in home demand according to the discount in management measures following the cessation of the COVID-19 early endemic part versus the Q3 within the earlier yr, wherein most motion restrictions had been reinstated to manage the unfold of COVID-19. As well as, the gross sales quantity of those retail actions additionally registered a rise.
As for the meals and drinks providers, it has elevated by 30.1 per cent in comparison with Q3 2021 with an estimated gross sales income elevated from BND81.1 million to BND105.5 million. When it comes to quantity, meals and drinks exercise additionally recorded a optimistic progress of 26.0 per cent year-on-year.
The rise in gross sales income of meals and drinks was primarily attributed by the rise within the gross sales income of eating places by 39.7 per cent, adopted by the rise in gross sales income of fast-food shops by 32.1 per cent; catering service actions 8.7 per cent; and beverage serving actions 6.3 per cent.
The rise was as a result of no dine-in capability limitations since early June 2022.
In comparison with the second quarter (Q2) 2022, the retail gross sales in Q3 2022 has recorded a lower of 8.8 per cent primarily as a result of a lower within the gross sales of textiles, carrying attire and footwear by 33.8 per cent; gross sales {of electrical} family home equipment and lighting gear in specialised shops 22.9 per cent; gross sales of pc and telecommunications gear 17.8 per cent; gross sales at division retailer 12.2 per cent; and gross sales at grocery store 5.9 per cent.
Moreover, the gross sales quantity of those retail actions additionally registered a decline.
As for the meals and beverage providers, it has recorded a rise of 6.9 per cent in Q3 2022 in comparison with Q2 2022 primarily as a result of improve in gross sales income of catering service actions by 44.1 per cent; fast-food shops 16.5 per cent; and eating places by 4.7 per cent.
Retail Gross sales Index (RSI) and Meals & Drinks Providers Index (F&BSI) are preliminary indicators of financial efficiency for each actions and offers an outlook for client spending developments in Brunei Darussalam on a quarterly foundation.
Full stories of each actions can be found from Division of Financial Planning and Statistic’s web site: https://deps.mofe.gov.bn.
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