You are here

Singapore January retail sales rise 2% from year earlier

Friday, March 10, 2017 - 13:24

shopping.jpg
Singapore's retail sales in January rose from a year earlier thanks to an increase of supermarket as well as food and beverage sales, data showed on Friday.

[SINGAPORE] Singapore's retail sales in January rose from a year earlier thanks to an increase of supermarket as well as food and beverage sales, data showed on Friday.

Total retail sales rose 2 per cent from a year earlier, after increasing by a revised 0.7 per cent in the previous month, according to data from the Singapore Department of Statistics.

Retail sales of supermarkets and the food and beverages sector rose 13 per cent and 12 per cent, respectively, in January from the year before.

On a month-on-month and seasonally-adjusted basis, total retail sales fell 1.5 per cent in January after a revised 0.8 per cent drop in the previous month.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom