Newspapers: Mon. Sept. 21 2020- Domestic demand drives Brunei’s retail sales growth
For food and beverage services in Brunei Darussalam in Q2 2020, sales performance declined by 12.4 per cent compared to Q2 2019. The value of sales for food and beverages services was estimated at BND71.1 million.
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In the second quarter (Q2) of 2020, retail sales performance in Brunei Darussalam continued to show an increase of 1.6 per cent year-on-year, after increasing by 5.8 per cent (revised from 4.3 per cent) in the first quarter (Q1) of 2020. The value of retail sales in Q2 2020 was estimated at BND423.7 million.
This was driven by the increase in domestic demand for certain goods following several measures implemented due to the COVID-19 outbreak in the country, such as online learning and teaching due to the closure of schools and educational institutions, work-from-home (WHF) arrangements and travel restrictions abroad.
The sales of Computer and Telecommunication Equipment increased by 59 per cent, while department stores and supermarkets, which are the top two activities in retail trade, also recorded increases in their sales by 7.7 per cent and 7.3 per cent.
READ MORE: https://borneobulletin.com.bn/2020/09/domestic-demand-drives-bruneis-retail-sales-growth-2/
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9.21.2020
