FHB: Business activity trending down

HONOLULU — Although same-store sales improved last quarter, First Hawaiian Bank cautions that all is not necessarily well.

“While we are encouraged by these continued healthy results, we are beginning to see a slowing of sales growth,” said Keith Nagata, senior vice president and Business Services Division manager, in an FHB news release.

During the third quarter, same-store sales increased nearly 8 percent compared to last year, FHB’s third-quarter “Business Activity Report” announcement states. This follows second-quarter growth of 8 percent and first-quarter growth of more than 10 percent.

The sales report tracks  activity in 16 economic sectors — including automobiles, retail, hotels, home improvement, restaurants, shipping and travel — throughout Hawai‘i, Guam and CNMI. FHB is the largest processor of merchant services in the state, with more than $3.8 billion worth of credit and debit card sales transactions during 2010, the release states.


Your email address will not be published. Required fields are marked *


By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments are inappropriate, you may be banned from posting. To report comments that you believe do not follow our guidelines, send us an email.