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