Singapore retail sales growth accelerated in April albeit at a slower than expected pace, data published by the Department of Statistics showed Monday.
Retail sales grew 5 percent in April from last year, faster than the 1.9 percent expansion seen in March. Nonetheless, it was slower than a 6 percent rise forecast by economists.
The annual growth was driven by a significant 56.4 percent increase in motor vehicle sales. Excluding motor vehicles, sales were down 0.7 percent.
Department store sales advanced 3.4 percent, while supermarket sales dropped 0.5 percent. At the same time, food and beverages sales dropped 7 percent.
Meanwhile, monthly growth in retail sales slowed to 0.8 percent in April from 1 percent a month ago. Sales were expected to rise 1.2 percent. Motor vehicle sales gained only 0.7 percent from March.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.