Singapore retail sales down 3.4% ending 5-month growth streak
This is attributed partly to lower sales compared to a year ago when sales were boosted by pre-CNY spending
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Singapore
SINGAPORE's retail sales fell 3.4 per cent year on year in February, reversing from last month's 12 per cent increase and snapping a 5-month growth streak.
The decline in February was attributed partly to lower sales compared to a year ago when sales were boosted by pre-Chinese New Year (CNY) spending, said the Department of Statistics (SingStat) on Tuesday (Apr 5). This year's pre-CNY spending took place mostly in January.
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