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Pre-CNY shopping fuels rise in Jan retail sales of 11.8%

Sales of watches, jewellery post highest increase of 29% growth

Published Sat, Mar 5, 2022 · 05:50 AM
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Singapore

SINGAPORE'S retail sales rose 11.8 per cent year on year in January, following the previous month's 6.7 per cent rise, coming in as the fifth consecutive month of growth.

The improvement in retail sales performance in January 2022 was mainly attributed to increased spending prior to Chinese New Year (CNY) which was in early February, while pre-CNY spending in 2021 was mainly in Feb…

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Singapore retail
Singapore F&B

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