Car sales power 5.5% increase in July retail sales
Excluding motor vehicles, sales down a marginal 0.4%
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Nisha Ramchandani
[SINGAPORE] Retail sales rose 5.5 per cent year on year in July, lifted by sales of motor vehicles, without which sales would have declined 0.4 per cent.
When comparing month on month, retail sales (seasonally adjusted) dipped marginally by 0.2 per cent in July over June. Stripping out motor vehicles, retail sales slid by 1.3 per cent.
The total retail sales value for July was estimated at S$3.2 billion, up from S$3 billion in the corresponding month a year earlier, according to a release from the Department of Statistics on Monday.
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