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Strong car sales fuel July retail sales growth of 5.2%
But excluding 40.6 per cent jump in motor sales, retail figure up only by sluggish 0.8 per cent
Add BT as a preferred sourcePublished Tue, Sep 15, 2015 · 09:50 PM
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Singapore
HELPED again by a massive increase in motor vehicle sales, Singapore's retail sales rose 5.2 per cent year-on-year in July, data released by the Department of Statistics on Tuesday revealed.
But if the 40.6 per cent rise in car sales is excluded, retail sales would have gone up by a marginal 0.8 per cent - which economists say reflects Singapore's sluggish economic growth.
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