The Business Times
business-time-50

Singapore reports disappointing 1.1% rise in June retail sales

google-preferred-sourceAdd BT as a preferred source
Tessa Oh

Tessa Oh

Published Fri, Aug 4, 2023 · 01:00 PM
    • Retail sales of computer and telecommunications equipment recorded year-on-year growth of 9.4 per cent in June.
    • Retail sales of computer and telecommunications equipment recorded year-on-year growth of 9.4 per cent in June. PHOTO: BT FILE

    SINGAPORE’S retail sales rose 1.1 per cent year on year in June, slowing from the previous month’s 1.8 per cent rise, data from the Department of Statistics (SingStat) showed on Friday (Aug 4).

    June’s figure was also lower than the median 2.1 per cent rise expected by private-sector economists polled by Bloomberg.

    RHB senior economist Barnabas Gan noted that the decline in retail sales momentum was in tandem with the slowdown in tourist arrivals.

    Singapore retailSingapore economy

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Siranudh Scott had caused an internet sensation with a video accusing his brother of allegedly abusing him during his childhood years.

    ‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse

    The suspension at Manulife comes amid a broader, coordinated crackdown on cross-border wealth channels.

    Manulife pulls loan product for rich Hong Kong clients after scrutiny

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More