Retail sales surge 6.1% in August, again on exuberant car buying
If the 43.9% jump in car sales is excluded, retail sales would have risen by just 1.3%
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
ONCE again, a huge surge in motor vehicle sales lifted Singapore's retail sales in August, far beyond the market's expectations. In year-on- year terms, retail sales grew 6.1 per cent, according to data released by the Department of Statistics on Thursday.
Excluding the massive 43.9 per cent jump in car sales, retail sales would have increased by a more moderate 1.3 per cent.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Singaporeans can now buy record amount of yen per Singdollar
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
