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Discretionary spending wanes in December
Published Mon, Feb 15, 2016 · 09:50 PM
Singapore
CAR sales once again lifted retail sales growth in December, masking broad-based weakness across the retail sector as discretionary spending waned.
Bolstered by a mammoth 62.5 per cent increase in motor vehicle sales, overall retail sales grew 2.9 per cent year-on-year, according to data released by the Department of Statistics (DOS) on Monday.
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