Singapore's retail sales decreased 6.0 percent year-on-year in December 2018, compared to a downwardly revised 2.4 percent drop in November. It was the second straight month of decline in retail trade and the steepest since last January, with sales of motor vehicles declining the most (-20.7 percent vs -15.1 percent), followed by computer & telecommunication equipment (-16.8 percent, the same as in November); recreational goods (-5.8 percent vs -0.6 percent); watches & jewelry (-5.7 percent vs 2 percent); and furniture & household equipment (-3.9 percent vs 3.3 percent). Conversely, sales of medical goods & toiletries increased 1.8 percent, after a 6.9 percent growth in November. On a seasonally adjusted monthly basis, retail trade slumped 3.4 percent in December, reversing a 0.1 percent gain in November. Retail Sales YoY in Singapore averaged 5.02 percent from 1986 until 2018, 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 -1.70 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 4.10 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
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-11-12 05:00 AM Retail Sales YoY 1.9% -0.4% 1.9%
2018-12-12 05:00 AM Retail Sales YoY 0.1% 1.9% 2.7%
2019-01-11 05:00 AM Retail Sales YoY -3.0% 0.1% 0.4%
2019-02-12 05:00 AM Retail Sales YoY -6% -2.4% 3.5%
2019-03-12 05:00 AM Retail Sales YoY -6%
2019-04-12 05:00 AM Retail Sales YoY
2019-05-10 05:00 AM Retail Sales YoY -1.7%

Singapore Consumer Last Previous Highest Lowest Unit
Retail Sales MoM -3.40 0.10 32.60 -31.20 percent [+]
Retail Sales YoY -6.00 -2.40 50.90 -28.40 percent [+]
Consumer Spending 38550.50 38374.40 38550.50 4086.60 SGD Million [+]
Private Sector Credit 598743.60 601246.80 601246.80 56535.00 SGD Million [+]
Bank Lending Rate 5.33 5.33 14.98 5.28 percent [+]
Households Debt To GDP 57.90 58.40 59.90 21.80 percent of GDP [+]
Gasoline Prices 1.59 1.58 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 February of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-6.00 -2.40 50.90 -28.40 1986 - 2018 percent Monthly