SUBSCRIBERS

Retail sales surge 6.1% in August, again on exuberant car buying

If the 43.9% jump in car sales is excluded, retail sales would have risen by just 1.3%

Published Thu, Oct 15, 2015 · 09:50 PM

Singapore

ONCE again, a huge surge in motor vehicle sales lifted Singapore's retail sales in August, far beyond the market's expectations. In year-on- year terms, retail sales grew 6.1 per cent, according to data released by the Department of Statistics on Thursday.

Excluding the massive 43.9 per cent jump in car sales, retail sales would have increased by a more moderate 1.3 per cent.