Singapore retail sales grew by a seasonally adjusted 5.8% month-on-month in January, following a revised 1.2% fall in December, the Department of Statistics said Monday. Economists were looking for a monthly fall of 4.5%. Excluding motor vehicles, retail sales rose 4.6%.
Annually, retail sales grew 2.3% in January, larger than the consensus forecast of 1.1%. In December, sales declined by a revised 4.9%. The report showed that sales of watches and jewellery, telecommunications apparatus and computers, furniture and household equipment, petrol service stations and optical goods and books increased by between 14.3% and 27.9% in January 2010.
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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.