In January, Singapore's retail sales increased 1.3% YoY, driven by motor vehicle sales, following a 0.5% drop in December.

Singapore's retail sales increased 1.3% year-on-year in January, driven by higher demand for motor vehicle sales. This growth followed a 0.5% drop in December. Excluding motor vehicles, retail sales fell 2.1% annually. The food and beverage services index fell 5.6% year-on-year in January. January retail sales totaled S$4.3 billion, with online sales making up 11.2% of the total.

March 05, 2024
8 Articles

Further Reading