Skip to content
General

Singapore retail sales still running below pre-Covid times

By Sarah ChenSingapore
1 min read
orchard road singapore retail
orchard road singapore retail
In this article (5)

Singapore retail sales (excluding motor vehicles) increased 61.7 percent in May, but the figure was skewed significantly by the low base of the previous year when Covid-related movement orders effectively shut the offline retail sector down for a whole month.

Of the total estimated retail sales in May of about SG$2.8 billion, excluding motor vehicles, online sales accounted for about 16.1 percent.

The largest online categories were computer and telecommunications equipment where e-commerce accounted for 54.4 percent of total sales; furniture and household equipment (30.7 percent) and supermarkets and hypermarkets (12.1 percent).

May’s overall sales increase followed a 39.2-per-cent rise in April – however, Statistics Singapore says sales continue to track at lower levels than before the outbreak of Covid.

Questions & Answers

Q.

Did retail sales significantly increase in May?

A.

Yes, Singapore's retail sales, excluding motor vehicles, rose by 61.7 percent in May. However, this increase was largely due to the extremely low sales figures from May of the previous year when the offline retail sector was effectively closed for a month.

Q.

What proportion of retail sales were online in May?

A.

Online sales accounted for approximately 16.1 percent of the total estimated retail sales in May, which amounted to around SG$2.8 billion, excluding motor vehicles. This indicates a significant portion of sales occurred digitally.

Q.

Which retail categories saw the highest percentage of online sales?

A.

Computer and telecommunications equipment had the highest proportion of online sales at 54.4 percent. Furniture and household equipment followed with 30.7 percent, and supermarkets and hypermarkets had 12.1 percent of their sales online.

Q.

Are retail sales now higher than before the pandemic started?

A.

No, despite the recent increases, Statistics Singapore reports that overall sales levels continue to track lower than they were before the outbreak of Covid. The recent rises are compared to very low figures from the previous year.

Reader pulse

Are Singapore's retail sales recovering as expected?

22,622 votes so far

Weekly Briefing

Asia's retail intelligence, in your inbox

Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.

  • Top industry moves and market shifts
  • Weekly data-driven analysis from across Asia
  • Tuesday, Thursday and the Saturday Weekly Wrap

Read by retail operators, investors and brand teams across Asia.

Protected by a quick human check. No spam, ever. Unsubscribe in one click.

SecureGDPR ready