Despite boost from year-ago low base, retail rebound is still on shaky ground: Analysts
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SINGAPORE retail sales are still below pre-pandemic levels, despite the low base effect from the year-ago circuit breaker, Department of Statistics (SingStat) data on Friday showed.
Economists are fretting over the retail recovery, especially with the stumbling block of tightened Covid-19 restrictions in May and June this year.
Retail sales rebounded 54 per cent year on year in April, to S$3.3 billion, for the third straight month of growth. Food and beverage (F&B) receipts jumped by 73.4 per cent to S$693 million, on the same low base.
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