You are here

Discretionary spending wanes in December

BT_20160216_RETAIL_2117579.jpg
Motor vehicle sales posted a 62.5 per cent surge, driven by lower COE premiums.

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,

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom