Singapore's retail sales increased 2.2% year-on-year in May, with motor vehicle sales up 19.5%.
Singapore's retail sales rose 2.2% year-on-year in May, rebounding from a 1.2% decline in April, according to data from the Department of Statistics. Motor vehicle sales contributed to the growth, increasing 19.5% year-on-year in May. Excluding motor vehicles, retail sales remained flat. Total retail sales for May reached 4.1 billion Singapore dollars, with online sales accounting for 11.5% of the value.
July 05, 2024
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