Singapore's retail sales growth slowed at a faster-than-expected pace in November, figures from the Department of Statistics showed Thursday.
Retail sales advanced 6.5 percent year-on-year in November, slower than October's 8.2 percent climb. Economists had forecast the rate of growth to ease to 7.0 percent.
Excluding motor vehicles, retail sales fell 0.4 percent annually during November, reversing a 2.0 percent growth seen in the previous month.
Sales of motor vehicles jumped 50.2 percent in November from last year and sales at department stores grew by 3.8 percent.
Meanwhile, sales of food and beverage services increased 2.0 percent, following a 1.0 percent growth in the prior month.
On a monthly basis, retail sales fell 0.7 percent in November, exceeding economists' expectations for a 0.2 percent slight decline. In October, sales plunged 1.2 percent. Excluding motor vehicles, sales decreased 0.9 percent.
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