Singapore retail sales still running below pre-Covid times

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Singapore retail sales (excluding motor vehicles) increased 61.7 percent in May, but the figure was skewed significantly by the low base of the previous year when Covid-related movement orders effectively shut the offline retail sector down for a whole month.

Of the total estimated retail sales in May of about SG$2.8 billion, excluding motor vehicles, online sales accounted for about 16.1 percent.

The largest online categories were computer and telecommunications equipment where e-commerce accounted for 54.4 percent of total sales; furniture and household equipment (30.7 percent) and supermarkets and hypermarkets (12.1 percent).

May’s overall sales increase followed a 39.2-per-cent rise in April – however, Statistics Singapore says sales continue to track at lower levels than before the outbreak of Covid.

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