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Singapore's retail sales slowed to a 2.7% annual rise in December 2025 due to weaker spending and higher travel.
Singapore's retail sales grew 2.7% year-on-year in December 2025, slowing from November's 6.2% rise, with a sharp 5.4% monthly drop.
Sales of food and alcohol, petrol stations, and department stores declined, while recreational goods, electronics, and supermarkets saw gains.
Online sales share fell to 14.8%.
Food and beverage services rose 0.7% annually but dropped 2.2% monthly.
The slowdown was attributed to higher outbound travel and holiday-related spending shifts, though labor market strength and government vouchers supported overall demand.
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Las ventas minoristas de Singapur se desaceleraron a un aumento anual del 2,7% en diciembre de 2025 debido a un gasto más débil y un aumento de los viajes.