Singapore’s motor vehicle sales almost doubled in August

Retail sales increased 5.4%.

Motor vehicle retailers had a payout in August. Data released today by the Department of Statistics showed that motor vehicle sales increased by 49.5% year-on-year in August.

Overall, retail sales increased 5.4% year-on-year in August 2014. Excluding motor vehicles, retail sales decreased 1.6%. The total retail sales value in August 2014 was estimated at $3.2 billion, higher than the $3.0 billion in August 2013.

On a month-on-month basis, retail sales increased 5.3% in August. Excluding motor vehicles, retail sales rose 3.5%.

Here’s more from the Department of Statistics:

After seasonal adjustment, retailers of motor vehicles and wearing apparel & footwear recorded double-digit sales increases of 13.1% and 12.0% respectively in August 2014 over July 2014.

Retail sales of watches & jewellery, telecommunications apparatus & computers, furniture & household equipment, recreational goods, medical goods & toiletries and optical goods & books increased between 4.6% and 7.0% over the same period. 

Retail sales of petrol service stations, department stores and food & beverages also increased between 0.6% and 1.2%