Singapore retail sales up 4.6% in December

SURGING car sales as well as a brisk trade in mobile devices helped the retail sector end 2017 on a robust note.

Total retail takings grew 4.6 per cent in December compared with the same month a year earlier, according to latest data by the Singapore Department of Statistics.

This came as motor vehicle sales soared 26 per cent year on year, while sales of computer and telecommunications equipment went up 15.2 per cent.

Excluding motor vehicles, retail sales inched up just 0.6 per cent year on year.

Other segments fared less well. Sales of watches and jewellery declined 8.2 per cent in December over a year earlier, while takings at minimarts and convenience stores slid 2.7 per cent.

The data also showed that takings in food and beverage services rose 3.1 per cent year on year in December, with sales rising at restaurants, fast food outlets and other eating places such as cafes.