Singapore retail sales up 4.5% in March, easing from February’s double-digit growth
Add BT as a preferred source
Tessa Oh
SINGAPORE’s retail sales rose 4.5 per cent year on year in March, slowing from the previous month’s 12.6 per cent rise, data from the Department of Statistics Singapore (SingStat) showed on Friday (May 5).
On a month-on-month seasonally adjusted basis, retail sales were up 2.2 per cent, easing from the 4.1 per cent growth in February.
March’s estimated total retail sales value was S$4.1 billion, with online sales accounting for 13 per cent.
TRENDING NOW
Size matters: OCBC’s Bank of Singapore doubles down on ultra-wealthy – and the bankers chasing them
Xi Jinping has just rewritten the rules of US-China rivalry
Is the UK student-housing party over? Singapore players face divergent prospects in PBSA market
Singapore developer in limbo after Timor-Leste scraps major township project
