Singapore's retail sector more resilient than a year ago: economists

SINGAPORE'S retail sector appears to be more resilient than a year ago, with consumer sentiment looking promising in July despite fluctuating restrictions on Covid-19, economists said.

Total retail sales crept up 0.2 per cent year on year, as low-base effects from last year have almost worn off, data from the Department of Statistics Singapore (SingStat) showed on Friday.

But on a month-on-month seasonally adjusted basis, retail sales grew 0.8 per cent.