March retail sales down 13.3%; Worse dive expected for April, May
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE'S retail sales fell 13.3 per cent year on year in March - the sharpest fall in two decades - as the Covid-19 outbreak continued to take a toll, according to Department of Statistics (Singstat) figures on Tuesday.
Deepening from -8.4 per cent in February, this was the worst fall since -16.9 per cent in September 1998.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
