Retail sales in Singapore increased 3.6% year-on-year in April 2023, easing from a 4.5% rise in the previous month. Sales slowed for department stores (6.5% vs 16.8% in March), food & alcohol (30.5% vs 56.1%), wearing apparel & footwear (13% vs 26.5%) and recreational goods (2% vs 2.7%). Additionally, trade continued to fall for petrol service stations (-14.2% vs -14.4%), furniture & household equipment (-1.2% vs -5.1%) and computer & telecommunication equipment (-0.1% vs -3.6%). In contrast, sales accelerated mainly for cosmetics, toiletries & medical goods (16.8% vs 7%) and optical goods & books (8.6% vs 6.1%). On a monthly basis, retail trade rose 0.3%, slowing from a 2.2% advance in March. source: Statistics Singapore
Retail Sales YoY in Singapore averaged 4.70 percent from 1986 until 2023, reaching an all time high of 80.90 percent in May of 2021 and a record low of -51.60 percent in May of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Retail Sales YoY in Singapore is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.