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Discretionary spending wanes in December

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Motor vehicle sales posted a 62.5 per cent surge, driven by lower COE premiums.

Singapore

CAR sales once again lifted retail sales growth in December, masking broad-based weakness across the retail sector as discretionary spending waned.

Bolstered by a mammoth 62.5 per cent increase in motor vehicle sales, overall retail sales grew 2.9 per cent year-on-year,...