Overall Singapore retail sales down 1.4% in March

Due to a drop in car deals.

Retail sales in Singapore contracted by 1.4% month-on-month in March, following a 4.8% drop in car sales.

Excluding motor vehicle deals, retail sales contracted by 0.6%.

On a year-on-year basis, overall sales rose by 5.1%. Excluding motor vehicles, sales dropped by 2.2%.

The total retail sales value in March 2016 was estimated at $3.7 billion, compared to $3.5 billion in March 2015.