In June, retail sales in Singapore, not including motor vehicles, exhibited a modest 0.4% rise year-on-year, as reported by the Department of Statistics. This minor upswing follows a period of stagnant growth in May. With seasonal adjustments, retail sales showed a 1.4% decrease compared to May.
The estimated overall retail sales value stood at SG$3.3 billion (US$2.6 billion), with online sales accounting for 16.2% of this figure.
Most industries within the retail sector garnered an uptick in sales. The computer and telecommunications equipment industry saw a 7.3% increase, optical goods and book sales rose by 5.9%, and recreational goods experienced a 5.6% surge in sales.
Additional categories such as watches and jewelry, cosmetics and medical goods, supermarkets and hypermarkets, as well as furniture and household equipment also witnessed increases ranging from 1.3% to 5.5%.
However, not all areas of retail prospered. Petrol service stations, along with food and alcohol retailers, saw their sales decrease by 5.9% and 5.2%, respectively. Furthermore, the apparel and footwear segment, as well as minimarts and convenience stores, underwent a 2.6% reduction in sales.
Food and beverage service sales showed a marginal 0.1% increase amounting to SG$962 million in June, following a 1% rise in May. This modest growth was largely attributed to increased sales from food caterers and fast food outlets, which somewhat balanced the declining sales from restaurants, cafes, and food courts.
What was the overall increase in Singapore’s retail sales in June, excluding motor vehicles?
There was a 0.4% increase in Singapore’s retail sales for the month of June, not including motor vehicles.
Which sectors saw an increase in sales?
Most industries within the retail sector saw an increase in sales. These include the computer and telecommunications equipment industry, optical goods and books, recreational goods, watches and jewelry, cosmetics and medical goods, supermarkets and hypermarkets, and furniture and household equipment.
Which sectors experienced a decrease in sales?
Sales decreased in petrol service stations, food and alcohol retailers, apparel and footwear segment, as well as minimarts and convenience stores.
