Singapore retail sales down again in July
In this article (4)
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.
Questions & Answers
Q.What was the total estimated value of retail sales in Singapore for July?
What was the total estimated value of retail sales in Singapore for July?
Total Singapore retail sales in July were estimated at approximately S$3.6 billion. Of this, online sales accounted for an estimated 5.6 percent, contributing to the overall figure for the month.
Q.Which retail sectors experienced growth in sales during July, despite the overall decline?
Which retail sectors experienced growth in sales during July, despite the overall decline?
Sales of medical goods and toiletries saw a growth of 1.9 percent. Supermarkets and hypermarkets also increased sales by 0.9 percent, while food and beverage services grew by 3.2 percent year-on-year.
Q.Which specific industries saw the largest year-on-year declines in sales?
Which specific industries saw the largest year-on-year declines in sales?
The furniture and household equipment industry declined by 8.3 percent. Computer and telecommunications equipment sales also fell by 7.7 percent, mainly due to lower demand for household equipment and handphones.
Reader pulse
What is the biggest retail challenge?
21,297 votes so far