Singapore retail sales lower than forecast

TheStar Thu, Dec 13, 2018 08:06am - 5 years View Original


Apart from petrol sales, food retailers, medical goods and toiletries, furniture and household equipment and watches and jewellery sellers registered marginal increases in growth

Apart from petrol sales, food retailers, medical goods and toiletries, furniture and household equipment and watches and jewellery sellers registered marginal increases in growth

SINGAPORE: Retail sales were lower than expected in October, according to figures released by Singapore’s Department of Statistics.

Takings at the till that month were only 0.1% higher year-on-year, below the 1.5% increase forecast by analysts polled by Bloomberg and coming off the 1.9% rise in September.

Excluding motor vehicles, retail sales rose 0.5%. Car sales fell by 2% y-o-y. This retail performance was weaker than analysts had expected, with Bloomberg polls predicting a 1.5% rise.

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