Singapore's retail sales increased for the fourth straight month in June, preliminary data from the Department of Statistics showed on Tuesday.
Retail sales rose 2.3 percent year-on-year in June, faster than the 1.3 percent gain in May.
The acceleration in growth was mainly driven by a 14.6 percent surge in sales of motor vehicles. Sales excluding motor vehicles rose 0.4 percent from last year versus a stagnant change in the prior month.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.