Singapore's retail sales dropped unexpectedly by 8.9 percent year-on-year in June 2019, missing market consensus of a 0.2% rise and after a downwardly revised 2% decline in the previous month. This was the fifth straight month of yearly fall in retail trade and the steepest since February, with sales decreasing further for motor vehicles (-32.4% vs -7.5% in May), furniture & household equipment (-15.1% vs -7%), computer & telecommunications equipment (-7.7% vs -7%). Also, there were declines in sales of petrol service (-3% vs 1.4%), recreational goods (-3.8% vs 0.7%), watches & jewelry (-4.8% vs 4.6%), and other (-0.7% vs 2%). In contrast sales rebounded for both medical goods & toiletries (1.4% vs -1.6%) and wearing apparel & footwear(1.4% vs -1%). On a monthly basis, retail sales fell unexpectedly by 2.2% in June, the same pace as in May, while markets had expected a 0.4 percent rise. Retail Sales YoY in Singapore averaged 4.91 percent from 1986 until 2019, reaching an all time high of 50.90 percent in February of 1988 and a record low of -28.40 percent in February of 1986.

Retail Sales YoY in Singapore is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Singapore to stand at 1.50 in 12 months time. In the long-term, the Singapore Retail Sales YoY is projected to trend around 3.00 percent in 2020, according to our econometric models.

Singapore Retail Sales YoY
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-10 05:00 AM Retail Sales YoY Mar -1% -9.9% -0.7% 1.7%
2019-06-12 05:00 AM Retail Sales YoY Apr -1.8% -0.9% 0.3% 0.5%
2019-07-12 05:00 AM Retail Sales YoY May -2.1% -1.9% 0.2% -1%
2019-08-08 05:00 AM Retail Sales YoY Jun -8.9% -2.0% 0.2% -0.7%
2019-09-12 05:00 AM Retail Sales YoY Jul -8.9%
2019-10-11 05:00 AM Retail Sales YoY Aug
2019-11-12 05:00 AM Retail Sales YoY Sep 0.30%


Singapore Consumer Last Previous Highest Lowest Unit
Retail Sales MoM -2.20 -2.20 32.60 -31.20 percent [+]
Retail Sales YoY -8.90 -2.00 50.90 -28.40 percent [+]
Consumer Spending 44258.10 44333.30 44333.30 4470.60 SGD Million [+]
Private Sector Credit 613501.70 610173.70 613501.70 56535.00 SGD Million [+]
Bank Lending Rate 5.25 5.25 14.98 5.25 percent [+]
Households Debt To GDP 54.70 54.90 59.60 21.80 percent of GDP [+]
Gasoline Prices 1.61 1.63 1.80 0.61 USD/Liter [+]


Singapore Retail Sales YoY

In Singapore, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago. This page provides the latest reported value for - Singapore Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Retail Sales YoY - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-8.90 -2.00 50.90 -28.40 1986 - 2019 percent Monthly
NSA




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