Singapore retail gross sales slide three.2 per cent

Singapore retail gross sales in March slumped three.2 per cent after the distortionary impact of motorcar gross sales is faraway from the info.

Whereas the official figures present a seasonally-adjusted 1.1 per cent enchancment in March 2015 over the earlier month, knowledge from Statistics Singapore exhibits automotive gross sales soared 37 per cent over February and 40 per cent March on March.

There was an similar three.2 per cent general decline year-on-year for March after automobiles have been eliminated.

Seasonally adjusted gross sales of meals & beverage providers decreased 5.2 per cent in March 2015 over February and by 1.7 per cent in contrast with March 2014.

After seasonal adjustment, retail gross sales of automobiles, mini-marts & comfort shops and meals & drinks elevated between 12.9 per cent and 37.1 per cent in March 2015 in comparison with the earlier month (Desk 1). Retail gross sales of petrol service stations and leisure items additionally rose four.9 per cent and 1.1 per cent respectively.

Then again, retail gross sales of optical items & books, sporting attire & footwear, telecommunications equipment & computer systems, furnishings & family gear, supermarkets, watches & jewelry and medical items & toiletries decreased between 2.four per cent and 10.four per cent in March 2015 in comparison with February 2015.