Tag Archives: Singapore Retail

SINGAPORE’S retail sales rose by 5.2 per cent in August from July – the smallest decline in eight months, as the economic recovery spurred spending on cars and at department stores.

But the volume of sales is still 5.2 per cent lower than a year ago, according to the latest retail sales and catering trade index released by the Department of Statistics on Thursday. The median estimate of six economists surveyed by Bloomberg News was for an 8.9 per cent decline.

The catering trade also saw a 1 per cent rise in business from July, but declined by 2.8 per cent compared to August last year.

The data shows that motor vehicles and petrol service stations recorded higher sales of 13.2 per cent and 7.2 per cent in August, as did sales of apparel and footwear, watches and jewellery, supermarkets, furniture and household equipment, medical goods and toiletries, which recorded higher receipts of between 1.5 per cent and 10.9 per cent.

But sales of food and beverages, recreational goods, telecommunications apparatus and computers, provision and sundry shops and optical goods and books declined between 2 per cent and 5.8 per cent during the month.

Source : Straits Times – 15 Oct 2009

Singapore’s retail sales fell by 5.2 per cent in August compared to the same period last year.

Compared to August 2008, turnover of motor vehicles dropped by 11.6 per cent and sales at petrol service stations dropped by almost 14 per cent, due partially to lower petrol prices.

After adjusting for price changes, the volume of petrol sales declined by seven per cent over a year ago.

However, on a month-on-month basis, retail sales rose by 5.2 per cent in August compared to July, mainly due to a 13 per cent jump in the sale of motor vehicles.

Sales of telecommunications apparatus, computers, watches and jewellery declined between 10 and 14.7 per cent in August compared to the year before.

Sales of optical goods, books and food and beverages also fell, by about six per cent on year. Continue reading →