Retail sales in Singapore rose by 7.4% year-on-year in December 2022, accelerating from an upwardly revised 6.5% in the previous month, as sales rose faster for mini-marts & convenience stores (1.9% vs -0.3% in November), furniture & household equipment (11% vs -0.8%) and watches & jewelry (19.9% vs 14.1). On the other hand, retail trade mainly eased for department stores (11% vs 22%), food & alcohol (37.4% vs 57.1%), cosmetics, toiletries & medical goods (16% vs 19%) and wearing apparel & footwear (23% vs 34.1%). On a monthly basis, retail sales increased by 1.3%, rebounding from a downwardly revised 3.6% fall a month earlier. source: Statistics Singapore

Retail Sales YoY in Singapore averaged 4.68 percent from 1986 until 2022, reaching an all time high of 79.90 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 February of 2023.

Retail Sales YoY in Singapore is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Singapore Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-01-05 05:00 AM Nov 6.2% 10.3% 9%
2023-02-03 05:00 AM Dec 7.4% 6.5% 3.5%
2023-03-03 05:00 AM Jan 7.4%


Related Last Previous Unit Reference
Retail Sales MoM 1.30 -3.60 percent Dec 2022
Retail Sales YoY 7.40 6.50 percent Dec 2022
Consumer Spending 45699.00 45497.00 SGD Million Sep 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
7.40 6.50 79.90 -51.60 1986 - 2022 percent Monthly
NSA

News Stream
Singapore Retail Sales Accelerate in December
Retail sales in Singapore rose by 7.4% year-on-year in December 2022, accelerating from an upwardly revised 6.5% in the previous month, as sales rose faster for mini-marts & convenience stores (1.9% vs -0.3% in November), furniture & household equipment (11% vs -0.8%) and watches & jewelry (19.9% vs 14.1). On the other hand, retail trade mainly eased for department stores (11% vs 22%), food & alcohol (37.4% vs 57.1%), cosmetics, toiletries & medical goods (16% vs 19%) and wearing apparel & footwear (23% vs 34.1%). On a monthly basis, retail sales increased by 1.3%, rebounding from a downwardly revised 3.6% fall a month earlier.
2023-02-03
Singapore Retail Sales Rise the Least in 12 Months
Singapore's retail sales increased by 6.2% yoy in November 2022, slowing sharply from a downwardly revised 10.3% gain in the prior month. This was the ninth straight month of growth in retail trade but the softest pace since November 2021, with sales moderating for most categories: petrol services (8.5% vs 9.9% in October), food & alcohol (57.6% vs 61.3%), recreational goods (16.2% vs 23.5%), cosmetics, toiletries (16.3% vs 23.5%), wearing apparel (34.1% vs 53.7%), optical goods & books (5.9% vs 16.7%), department stores (22.0% vs 42.2%), and others (11.1% vs 22.9%). At the same time, there were declines in sales of computers & telecommunications (-3.9% vs 0.4%) and motor vehicles (-12.4% vs -15.8%). On a monthly basis, retail sales fell 3.7%, the first monthly decline in three months, after a 0.1% rise in October.
2023-01-05
Singapore Retail Sales Growth Eases to 7-Month Low
Singapore's retail sales increased by 10.4% yoy in October 2022, easing from an upwardly revised 11.3% growth in the prior month.This was the 8th straight month of increase in retail trade but the softest pace since March, with sales moderating for petrol services (9.9 vs 14.0% in September), computer & telecommunications (0.6% vs 24.9%). At the same time, sales of motor vehicles fell further (-15.8% vs -20.2%). By contrast, sales growth accelerated for food & alcohol (61.0% vs 52.3%), recreational goods (23.5% vs 17.6%), cosmetics, toiletries (20.8% vs 12.5%), wearing apparel (52.9% vs 52.3%), optical goods & books (15.3% vs 9.3%), department stores (43.7 vs 35.3%), and others (22.9% vs 17.1%). On a monthly basis, retail sales edged up 0.1%, after a downwardly revised 3.2% rise in September.
2022-12-05