Singapore records minor retail sales growth in June
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Singapore retail sales (excluding motor vehicles) grew by 2.5 per cent to SG$3.4 billion (US$2.5 billion) in June, following May’s 1.7 per cent increase.
The country’s seasonally adjusted retail sales were up 0.2 per cent month over month, data from the Department of Statistics Singapore shows.
Online retail sales accounted for 14.3 per cent of the total sales, it added.
While most of the remaining sectors posted a year-on-year increase in sales, petrol service stations saw a 24.2 per cent dip. Sales of motor vehicles also declined by 8.4 per cent in June.
The sales increase of food and beverages services continued to slow down for the month, up 7.2 per cent compared to the 8.7 per cent growth in May and 15.3 per cent in April.
The sales value of food and beverages services was $956 million, with 23.4 per cent coming from online transactions.
Questions & Answers
Q.What was the total value of retail sales in Singapore during June, excluding motor vehicles?
What was the total value of retail sales in Singapore during June, excluding motor vehicles?
The total value of retail sales, excluding motor vehicles, reached SG$3.4 billion (US$2.5 billion) in June. This represents a 2.5 per cent growth for the month.
Q.Which retail sectors experienced a decline in sales during June?
Which retail sectors experienced a decline in sales during June?
Petrol service stations saw a significant 24.2 per cent dip in sales. Sales of motor vehicles also declined, falling by 8.4 per cent in June.
Q.What proportion of overall retail sales came from online transactions in June?
What proportion of overall retail sales came from online transactions in June?
Online retail sales accounted for 14.3 per cent of the total sales in June. For food and beverages services specifically, 23.4 per cent of their $956 million sales value came from online transactions.
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