Singapore's retail sales growth rebounded strongly in October, preliminary data from the Department of Statistics showed on Friday.
Retail sales climbed 4.5 percent yearly in October, faster than the 2.7 percent increase in September. Sales have been rising since March.
The acceleration in growth was mainly driven by a 25.0 percent surge in watches and jewelry sales. Sales of recreational goods grew 20.4 percent from last year, and sales at supermarkets and hypermarkets advanced by 3.6 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.