In July, Singapore's retail sales rose 1% YoY, led by a 27.2% surge in motor vehicle sales.
In July, Singapore's retail sales rose 1% year-on-year, recovering from a 0.6% decline in June, primarily driven by a 27.2% surge in motor vehicle sales. Total retail sales reached S$4 billion (about $3.07 billion), with online sales comprising 11.9%. Excluding vehicles, retail turnover fell by 2.3%. Despite some growth in food and beverage services, many retail categories saw declines, indicating mixed performance in the sector.
September 05, 2024
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