Singapore's retail sales growth eased for the first time in five months in September, preliminary data from the Department of Statistics showed on Wednesday.
Retail sales climbed 2.8 percent yearly in September, slower than the 5.3 percent growth in August. Sales have been rising since March.
The overall growth was mainly driven by a 16.6 percent surge in watches and jewelry sales. Sales of recreational goods rose 11.0 percent from last year, and sales at supermarkets and hypermarkets grew by 5.1 percent.
For comments and feedback contact: editorial@rttnews.com
Business News
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.