logo
Plus   Neg
Share
Email

Singapore Retail Sales Surge In February

Singapore retail sales grew in February, data from the Department of Statistics showed on Monday.

Retail sales accelerated 5.2 percent year-on-year in February, after a 6.1 percent fall in January.

Motor vehicle sales declined 9.1 percent annually in February, after a 10.3 percent growth in the previous month.

Excluding motor vehicles, retail sales gained 7.7 percent in February, after a 8.4 percent decrease in the preceding month.

Sales of wearing apparel and footwear surged 31.6 percent yearly in February and those of watches and jewelry rose 34.1 percent.

Sales re creation goods increased 13.9 percent. Sales of supermarkets and hypermarkets, and computer and telecommunications equipment grew by 13.6 percent and 12.8 percent, respectively.

On a monthly basis, retail sales fell 1.6 percent in February, following a 1.7 percent decline in the prior month.

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.

Follow RTT