Retail sales climb 1.1% YoY in June
Month-on-month, however, sales fell by 0.8%.
Retail sales grew 1.1% YoY, but fell 0.8% MoM in June, translating to a sales value of $3.8b.
Of the total sales value, 12.7% was from online sales.
Excluding motor vehicles which saw an 8.4% YoY drop, sales would have increased by 2.5% YoY.
Department of Statistics Singapore (Singstat) attributed the year-on-year uptick to increases in sales of most industries.
Industries which recorded a sales increase in June were Food & Alcohol (+30.7% YoY); Cosmetics, Toiletries & Medical Goods (+8.3% YoY); Recreational Goods (+1.0% YoY); Optical Goods & Books (+8.7% YoY); Supermarkets and Hypermarkets (+1.2% YoY); Wearing Apparel & Footwear (+4.7% YoY); Watches & Jewellery (+6.2% YoY); Mini-marts & Convenience Stores (+7.2% YoY); Furniture & Household Equipment (+0.3% YoY); and Computer & Telecommunications Equipment (+9.4% YoY).
On the other hand, Department Stores (-0.1% YoY) and Petrol Service Stations (-24.2% YoY) recorded a decline in sales.
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