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.