Singapore Retail Sales Rise Less Than Expected
July 11 2018 - 10:13PM
RTTF2
Singapore's retail sales increased at a slower-than-expected
pace in May, partly due to lower motor vehicle sales, figures from
the Department of Statistics showed Thursday.
Retail sales edged up 0.1 percent year-over-year in May,
following a 0.6 percent rise in April. That was also below the 0.5
percent gain economists had forecast.
Motor vehicle sales alone plunged 8.4 percent annually in May.
Excluding the same, total retail sales rose 2.2 percent.
Sales at department stores advanced 2.7 percent and those at
petrol services stations grew notably by 8.8 percent.
On a monthly basis, retail sales increased 0.1 percent from
April, when it dropped by 0.2 percent.
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