Singapore's retail sales were down 2.8% yoy in August, after a 0.2% gain in the prior month. This was the first drop in retail trade since January, amid rising cases of the Delta strain of COVID-19. Sales growth moderated for food & alcohol (2.3% vs 9.3% in July), petrol service (23.7% vs 33.5%), wearing apparel & footwear (-1.8% vs 1.3%), watches & jewelry (7.9% vs 10.5%), and computer & telecommunications (3% vs 4.2%). In addition, sales fell further for motor vehicles (-17.5% vs -9.8%), furniture & households (-5.9% vs -3.8%), recreational goods (-5.8% vs -6.2%), optical goods & books (-9.6% vs -9.6%), others (-11.4% vs -8%), and in department stores (-8.5% vs -8%). On a monthly basis, retail sales fell 0.6%, after gaining an upwardly revised 0.9% rise in July. source: Statistics Singapore

Retail Sales YoY in Singapore averaged 4.51 percent from 1986 until 2021, 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 October of 2021.

Retail Sales YoY in Singapore is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Retail Sales YoY is projected to trend around 3.00 percent in 2022, according to our econometric models.

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Singapore Retail Sales YoY


Calendar GMT Actual Previous Consensus TEForecast
2021-07-05 05:00 AM May 79.7% 54% 26%
2021-08-05 05:00 AM Jun 25.8% 79.9% 35%
2021-09-03 05:00 AM Jul 0.2% 26% 9%
2021-10-05 05:00 AM Aug -2.8% 0.2% 0.5%
2021-11-05 05:00 AM Sep -2.8%
2021-12-03 05:00 AM Oct


News Stream
Singapore Retail Sales Down for 1st Time in 7 Months
Singapore's retail sales were down 2.8% yoy in August, after a 0.2% gain in the prior month. This was the first drop in retail trade since January, amid rising cases of the Delta strain of COVID-19. Sales growth moderated for food & alcohol (2.3% vs 9.3% in July), petrol service (23.7% vs 33.5%), wearing apparel & footwear (-1.8% vs 1.3%), watches & jewelry (7.9% vs 10.5%), and computer & telecommunications (3% vs 4.2%). In addition, sales fell further for motor vehicles (-17.5% vs -9.8%), furniture & households (-5.9% vs -3.8%), recreational goods (-5.8% vs -6.2%), optical goods & books (-9.6% vs -9.6%), others (-11.4% vs -8%), and in department stores (-8.5% vs -8%). On a monthly basis, retail sales fell 0.6%, after gaining an upwardly revised 0.9% rise in July.
2021-10-05
Singapore Retail Sales Grow the Least in 6 Months
Singapore's retail sales edged up 0.2% yoy in July 2021, after an upwardly revised 26.0 % jump a month earlier. This was the sixth straight month of growth in retail trade but the least pace in the sequence, amid rising cases of the Delta strain of COVID-19. Sales growth moderated for food & alcohol (9.1% vs 16.2% in June), petrol service (33.5% vs 43.8%), wearing apparel & footwear (0.4% vs 62.6%), watches & jewelry (10.4% vs 78.4%), and computer & telecommunications (4.2% vs 13.8%). In addition, sales fell for motor vehicles (-9.8% vs 80.6%), furniture & households (-4% vs 37.5%), recreational goods (-7.1% vs 53.1%), optical goods & books (-7.7% vs 18.2%), others (-7.9% vs 24.7%), and in department stores (-9.2% vs 63.2%). On a monthly basis, retail sales grew 0.8%, after gaining an upwardly revised 1.9% rise in June.
2021-09-03
Singapore Retail Sales Growth Eases in June
Singapore's retail sales increased 25.8% yoy in June 2021, after a record of 79.9 % growth a month earlier, amid a low base effect last year and as a recovery in the economy from the pandemic accelerated. Sales advanced for most components: food & alcohol (14.1% vs 45.1% in May), motor vehicles (80.6.2% vs 421.2%), petrol service (43.8% vs 113.6%), wearing apparel & footwear (60.0% vs 446.8%); furniture & households (37.2% vs 160.7%), recreational goods (53.9% vs 215.1%), watches & jewelry (78.4% vs 2,090.8%), computer & telecommunications (13.7% vs 66.8%), optical goods & books (18.9% vs 293.7%), others (24.6% vs 140.1%), and department stores (61.8% vs 512.3%). By contrast, sales fell for both supermarkets (-4.5% vs -11.4%) and cosmetic, toiletries (-0.2% vs 35.4%). On a monthly basis, retail sales grew 1.8%, rebounding sharply from a 6.5% rise in May.
2021-08-05
Singapore Retail Sales Grow at Record Pace
Singapore's retail sales surged to a record peak of 79.7% yoy in May 2021, after a 54.0 % growth a month earlier, amid a low base effect last year and as a recovery in the economy from the pandemic accelerated. Sales rose for most components: food & alcohol (44.3% vs 33.7% in April), motor vehicles (4211.2% vs 261.3%), petrol service (114.3% vs 1-4%), cosmetic, toiletries (34.7% vs 31.9%), wearing apparel & footwear (447.1% vs442.8%); furniture & households (161% vs 64.5%), recreational goods (219.7% vs 174.9%), watches & jewelry (2,090% vs 647.2%), computer & telecommunications (68.9% vs 17.6%), optical goods & books (296.5% vs 102.9%), others (140.1% vs 103.1%), and department stores (513% vs 269.8%). In addition, sales in supermarkets fell much less (-12.1% vs -30.3%). On a monthly basis, retail sales fell 6.8% after falling 1.4% in April.
2021-07-05

Singapore Last Unit Reference Previous Highest Lowest
Retail Sales MoM -0.60 percent Aug/21 0.90 49.20 -31.60
Retail Sales YoY -2.80 percent Aug/21 0.20 79.90 -51.60
Consumer Spending 39167.60 SGD Million Jun/21 40396.40 45093.10 4470.60


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.