Singapore retail sales
Cost-of-Living support package to boost retail sales
For 2023, UOB expects retail sales to grow by 3.5%
Majority of SG consumers want to shop more online
They are giving premium to loyalty programmes and convenience as reasons to shop online.
Retail sales climb 1.1% YoY in July
Month-on-month, sales improved by 0.6%.
Experts unveil 3 factors that will drive up retail sales in 2H23
Economists expect the market’s sales momentum to improve in the remaining months.
Retail sales climb 1.1% YoY in June
Month-on-month, however, sales fell by 0.8%.
Tourism demand to improve retail sales momentum in 2H23: experts
In May, retail sales growth decelerated to 1.8% YoY.
Retail sales climb 1.8% YoY in May
Month-on-month, however, sales fell 0.2%.
Retail sales climb 3.6% YoY in April
Excluding motor vehicles, retail sales would have grown by 4.2% YoY.
Retail sales fall 9.4% MoM in January
The January record is a reversal from the 7.7% increase in December.
Retail sales momentum to decelerate into 1H23
RHB expects full-year retail growth to clock in at 6.0%.
Retail industry to face uncertainties in 2023: analyst
Easing economic growth and tax hikes will affect retail transactions.
Retail sales growth moderates to 6.2% YoY in November
In October, retail sales grew 10.3% YoY.
Retail sales growth moderates to 11.2% YoY in September
In August, retail sales grew 13.3% YoY.
Retail sales growth moderates to 13.0% YoY in August
In July, retail sales grew 13.9% YoY.
Retail sales growth moderates to 13.7% YoY in July
In June, retail sales grew 14.8% YoY.
Chart of the day: What sold the most in Singapore’s retail trade sector in June?
Compared to June last year, wearing apparel and footwear sales grew by 92.4% YoY.
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