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Singapore retail sales up 2.2% y-o-y in Oct (Amended)

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Singapore's retail sales in October grew by 2.2 per cent year-on-year, a slight increase from September, which saw growth of 2 per cent.

SINGAPORE'S retail sales in October grew by 2.2 per cent year-on-year, same as in September.

Excluding motor vehicles, retail sales actually declined 0.3 per cent year-on-year.

The total retail sales value was estimated at S$3.7 billion, higher than the S$3.6 billion in October last year.

Wearing apparel & footwear, furniture and household equipment, computer & telecommunications equipment, and optical goods and books saw negative growth while the rest of the sectors recorded positive growth.

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Motor vehicles grew 14.5 per cent, recreational goods came in second with an increase of 5.6 per cent year-on-year.

Amendment note: An earlier version of this article incorrectly stated that Singapore's retail sales in October grew by 2.2 per cent year-on-year, a slight increase from September, which saw growth of 2 per cent. It should be the same as in September. The article above has been revised to reflect this.

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