Singapore retail sales declined more than expected in December, largely due to a sharp contraction in automobile turnover, data from the Department of Statistics showed Wednesday.
Retail sales were down by a seasonally adjusted 2.4 percent month-on-month, steeper-than last month's 0.9 percent fall and an expected decrease of 0.6 percent.
However, excluding motor vehicle, sales logged a monthly growth of 1.3 percent. After seasonal adjustment, retail sales of motor vehicles decreased 14.7 percent in December over November.
On a yearly basis, growth in retail sales slowed to 4.2 percent from 6.2 percent. Economists had expected the annual rate to slow to 5.2 percent.
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December 19, 2025 15:10 ET U.S. inflation data and interest rate decisions by major central banks were the highlights of this busy week for economics news flow. Employment data and survey results on the housing markets also gained attention in the U.S. In Europe, the European Central Bank and Bank of England announced their policy decisions and macroeconomic projections.