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.

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Singapore Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-05-05 05:00 AM Mar 4.5% 12.6% 2%
2023-06-05 05:00 AM Apr 3.6% 4.5% 3.1%
2023-07-05 05:00 AM May 3.6%


Related Last Previous Unit Reference
Retail Sales MoM 0.30 2.20 percent Apr 2023
Retail Sales YoY 3.60 4.50 percent Apr 2023
Consumer Spending 45757.00 47358.20 SGD Million Mar 2023

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
3.60 4.50 80.90 -51.60 1986 - 2023 percent Monthly
Current Prices, NSA

News Stream
Singapore Retail Sales Growth Eases in April
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.
2023-06-05
Singapore Retail Sales Growth Slows to 4.5%
Singapore’s retail sales advanced by 4.5% year-on-year in March 2023, easing sharply from a downwardly revised 12.6% growth in the previous month, which was the fastest pace in six months. Sales slowed for motor vehicles (7.2% vs 19.8% in February), mini-marts & convenience stores (5.7% vs 7.0%), department stores (16.8% vs 26.3%), food & alcohol (55.1% vs 70%), wearing apparel & footwear (26.5% vs 38.1%), recreational goods (2.7% vs 12.1%), optical goods & books (6.5% vs 21.2%), and others (11.3% vs 24.5%). Meanwhile, sales of watches & jewelry accelerated (2.5% vs 1.4%). In addition, sales fell for furniture & household equipment (-5.6% vs 5.4%), petrol service stations (-14.4% vs 2.9%), and computer & telecommunication equipment (-2.4% vs 26.8%). On a monthly basis, retail sales rose 2.2% in March, after an upwardly revised 4.1% gain in the previous month.
2023-05-05
Singapore Retail Sales Rebound Sharply in February
Singapore’s retail sales increased by 12.7% year-on-year in February 2023, recovering sharply from a 0.8% drop in the previous month. Sales rebounded for motor vehicles (19.8% vs -23.5%), mini-marts & convenience stores (6.8% vs -7.6% in January), furniture & household equipment (7.7% vs -12.3%), watches & jewelry (1.8% vs -5.2%), and petrol service stations (2.9% vs -8.8%). At the same time, sales accelerated for department stores (26.1% vs 3.6%), food & alcohol (69% vs 34.3%), wearing apparel & footwear (38.1% vs 23.2%), recreational goods (12.1% vs 10.1%), computer & telecommunication equipment (26.1% vs 5.5%), optical goods & books (21.2% vs 4.1%), and others (23.6% vs 9.1%). On a monthly basis, retail sales rebounded to 3.9% in February, following an upwardly revised 9.5% fall in the previous month.
2023-04-05