Singapore retail sales down again in July
Singapore retail sales in July fell by 2.4 percent after motor vehicles were excluded from the data. Month on month, sales were down by a marginal 0.7 percent.
Total Singapore retail sales in July were estimated at about S$3.6 billion, with online sales accounting for an estimated 5.6 percent of that total.
Year-on-year basis, sales of the furniture and household equipment, and computer and telecommunications equipment industries declined by 8.3 percent and 7.7 percent respectively, due mainly to lower demand for household equipment and handphones, according to Statistics Singapore.
Sales of watches and jewelry and recreational goods, as well as department stores, all registered declines of between 3.6 percent and 6.2 percent. In contrast, sales of medical goods and toiletries registered a growth in sales of 1.9 percent, while sales by supermarkets and hypermarkets increased by 0.9 percent.
Year-on-year, sales of food and beverage services grew by 3.2 percent in July.
Month on month, sales were down by a marginal 0.7 percent.
Total Singapore retail sales in July were estimated at about S$3.6 billion, with online sales accounting for an estimated 5.6 percent of that total.
Year-on-year basis, sales of the furniture and household equipment, and computer and telecommunications equipment industries declined by 8.3 percent and 7.7 percent respectively, due mainly to lower demand for household equipment and handphones, according to Statistics Singapore.
Sales of watches and jewelry and recreational goods, as well as department stores, all registered declines of between 3.6 percent and 6.2 percent. In contrast, sales of medical goods and toiletries registered a growth in sales of 1.9 percent, while sales by supermarkets and hypermarkets increased by 0.9 percent.
Year-on-year, sales of food and beverage services grew by 3.2 percent in July.