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FHB report: Saipan sales volume up 11.25 percent
GUALO RAI, Saipan—First Hawaiian Bank’s first quarter 2014 Business Activity Report for Saipan showed an 11.25-percent increase for “same store sales” over 2013, according to Laura Dacanay, First Hawaiian Bank senior vice president and CNMI region manager.
“This is the 10th consecutive quarter of positive growth since fourth quarter 2011,” said Dacanay. “Seven of the 11 sectors posted double digit increases with Home Improvement 27.31 percent leading the way. It was only the second time Home Improvement has made the top of the list since first quarter 2010. With the economy improving, we are seeing consumer confidence returning, which has helped create more market activity.”
The BAR monitors tracks card sales activity in 11 different economic sectors including retail, hotels, home improvement, restaurants, shipping and travel activities, among others. First Hawaiian’s Saipan BAR provides a broad measure of economic activity.
First Hawaiian is a major card processor of debit and credit sales transactions. In 2013, the bank processed over $4.4 billion worth of credit and debit sales transactions. The bank provides merchant services to nearly 7,000 First Hawaiian Bank merchant locations throughout Hawaii, Guam, CNMI, and the U.S. mainland. (FHB)
