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.
Meanwhile, declines were recorded for goods
such as books, newspapers and stationery in specialised stores (33.8
per cent), textiles, wearing apparel and footwear (32.4 per cent), food
and beverages in specialised stores (20.3 per cent) and petrol station
(18.2 per cent) due to the reduction in household expenses for those
goods.
As compared to Q1 2020, retail sales
recorded an increase of 4.4 per cent in Q2 2020, among others due to the
increase in sales of electrical household appliances and lighting
equipment in specialised stores (29.5 per cent), recreational goods
(17.4 per cent), furniture and household equipment (17 per cent) and
department store (12.7 per cent).
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.
The decrease was attributed to the decline
in income of restaurants (15 per cent) and other food services
activities (38.3 per cent) following the impact of the dine-in ban at
all food premises due to the COVID-19 outbreak in Q2 2020.
Meanwhile, compared to Q1 2020, food and
beverage services also recorded a 16.3 per cent decline in Q2 2020. This
is due to the decline in revenues of restaurants (18.3 per cent), fast
food outlets (6.6 per cent) and other food service activities (36 per
cent).
The Retail Sales Index (RSI) and Food and
Beverages Services Index (F&BSI) are preliminary indicators of
economic performance for both activities and outlook for consumer
spending trends in Brunei Darussalam on a quarterly basis.
Full reports of both activities are
available from the Department of Economic Planning and Statistics (DEPS)
website www.deps.gov.bn.