Motor vehicles lift Singapore retail sales by 1.0% YoY in July
Excluding motor vehicles, sales would have dipped 2.3% YoY.
Retail sales rose by 1.0% YoY and 3.7% MoM in July, translating to a sales value of $4.0b.
Of the total sales value, 11.9% was from online sales.
Excluding motor vehicles, which saw a 27.2% YoY uptick, sales would have dipped 2.3% YoY.
Motor vehicles also drove the overall increase in retail sales as most industries recorded YoY declines in July, said the Department of Statistics Singapore (SingStat).
Apart from Motor Vehicles, the only industries which saw YoY improvements were Food & Alcohol (4.7% ), Watches & Jewellery (0.8% YoY), Supermarkets & Hypermarkets (1.8% YoY), and Petrol Service Stations (4.7%).
Industries which recorded YoY sales declines were Department Stores (-11.2%), Cosmetics, Toiletries & Medical Goods (-1.4%), Recreational Goods (-4.4% YoY), Optical Goods & Books (-8.7% YoY), Wearing Apparel & Footwear (-10.3% YoY), Mini-marts & Convenience Stores (-1.9%), Furniture & Household Equipment (-5.0%), and Computer & Telecommunications Equipment (-1.3%)
Read Here
Advertise
Sign Up
