Singapore retail sales down 5.7% in August
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Singapore
SINGAPORE retail sales dropped 5.7 per cent on the year in August, an improvement from the 8.5 per cent year-on-year decline recorded in July, according to the Singapore Department of Statistics (SingStat) on Monday.
The better performance was due to strong demand for both new and used cars, SingStat noted. Excluding sales from motor vehicles, retail sales fell 8.4 per cent year-on-year.
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