Singapore's retail sales growth moderated in December to the lowest level in three months, preliminary data from the Department of Statistics showed on Thursday.
Retail sales climbed 2.7 percent yearly in November, much slower than the 6.2 percent increase in November. Sales have been rising since March.
Sales of food and alcohol showed a notable fall of 7.1 percent, and sales at department stores dropped by 1.7 percent. Excluding motor vehicles, retail sales expanded by 1.7 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.