, Singapore

Chart of the Day: Retail sales index showing consumer resilience?

Amidst global economic woes, 2012 is still looking to be a positive year for retail sales.

Colliers International said:

Singapore’s retail sales index (excluding motor vehicles) posted a better-than-expected 0.6% year-on-year (YoY) growth in January 2012.

Sales were widely forecast to record a dip in the first month of 2012 compared to a year ago given that consumers would have taken a breather from spending as they celebrated the 15-day Lunar New Year taking place during the month.

This rise on the back of an already high expansion of 14.3% YoY recorded for last January raises optimism about consumer resilience and gives hope for a positive year for retail sales in 2012 despite the prevailing global economic uncertainties and slowing domestic economy.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley