Singapore's retail sales growth accelerated further in August, preliminary data from the Department of Statistics showed on Friday.
Retail sales climbed 5.2 percent yearly in August, faster than the 4.6 percent gain in July. Sales have been rising since March.
The acceleration in growth was mainly driven by an 11.2 percent surge in watches and jewelry sales. Sales of recreational goods rose 9.9 percent from last year, and sales at supermarkets and hypermarkets grew by 8.7 percent.
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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.