Retail sales in Singapore increased 3% year-on-year in May 2026, slowing from a 5.4% rise in the previous month. The reading marked the weakest annual growth since January, as sales tumbled for food and alcohol (-3.7% vs 0.6% in April) and motor vehicles, parts and accessories (-0.8% vs 10.7%), while department store sales remained in contraction (-3.3% vs -0.4%). Growth also softened across several categories, including supermarkets and hypermarkets (1.1% vs 5.9%), minimarts and convenience stores (1.4% vs 2.7%), petrol service stations (9.5% vs 14.4%), cosmetics, toiletries and medical goods (4.9% vs 6%), wearing apparel and footwear (0.1% vs 5.3%), and optical goods and books (4.6% vs 5.4%). In contrast, sales accelerated for furniture and household equipment (4.5% vs 1.8%) and recreational goods (23.6% vs 13.7%). On a seasonally adjusted monthly basis, retail activity slipped 2.3% in May, reversing an upwardly revised 0.4% increase in the previous month. source: Statistics Singapore

Retail Sales in Singapore increased 3 percent in May of 2026 over the same month in the previous year. Retail Sales YoY in Singapore averaged 4.51 percent from 1986 until 2026, reaching an all time high of 80.90 percent in May of 2021 and a record low of -51.60 percent in May of 2020. This page provides the latest reported value for - Singapore Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on July of 2026.

Retail Sales in Singapore increased 3 percent in May of 2026 over the same month in the previous year. Retail Sales YoY in Singapore is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Singapore Retail Sales YoY is projected to trend around 1.70 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-05 05:00 AM
Retail Sales YoY
Apr 5.4% 4.6% 3.8%
2026-07-06 05:00 AM
Retail Sales YoY
May 3% 5.4% 6.0%
2026-08-05 05:00 AM
Retail Sales YoY
Jun 3% 4.8%


Related Last Previous Unit Reference
Consumer Spending 53576.50 55262.20 SGD Million Mar 2026
Gasoline Prices 3.39 3.39 USD/Liter Jun 2026
Households Debt to GDP 44.00 43.40 percent of GDP Dec 2025
Private Sector Credit 732943.50 721434.00 SGD Million May 2026
Retail Sales MoM -2.30 0.40 percent May 2026
Retail Sales YoY 3.00 5.40 percent May 2026


Singapore Retail Sales YoY
In Singapore, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.
Actual Previous Highest Lowest Dates Unit Frequency
3.00 5.40 80.90 -51.60 1986 - 2026 percent Monthly
Current Prices, NSA

News Stream
Singapore Retail Sales Hit 4-Month Low
Retail sales in Singapore increased 3% year-on-year in May 2026, slowing from a 5.4% rise in the previous month. The reading marked the weakest annual growth since January, as sales tumbled for food and alcohol (-3.7% vs 0.6% in April) and motor vehicles, parts and accessories (-0.8% vs 10.7%), while department store sales remained in contraction (-3.3% vs -0.4%). Growth also softened across several categories, including supermarkets and hypermarkets (1.1% vs 5.9%), minimarts and convenience stores (1.4% vs 2.7%), petrol service stations (9.5% vs 14.4%), cosmetics, toiletries and medical goods (4.9% vs 6%), wearing apparel and footwear (0.1% vs 5.3%), and optical goods and books (4.6% vs 5.4%). In contrast, sales accelerated for furniture and household equipment (4.5% vs 1.8%) and recreational goods (23.6% vs 13.7%). On a seasonally adjusted monthly basis, retail activity slipped 2.3% in May, reversing an upwardly revised 0.4% increase in the previous month.
2026-07-06
Singapore Retail Sales Rise for 3rd Month
Retail sales in Singapore rose by 5.4% year-on-year in April 2026, accelerating from a downwardly revised 4.6% increase in the previous month. This marked the third consecutive month of growth in retail activity, largely driven by sharply higher sales in petrol service stations (14.4% vs 4% in March), recreational goods (12.3% vs 9.1%), and motor vehicles, parts and accessories (10.7% vs 12.9%). Turnover also increased for clothing and footwear (7.8% vs 3.7%) and supermarkets and hypermarkets (5.8% vs 2.6%), while activity declined less in department stores (-1.1% vs -5.5%). In contrast, sales growth significantly softened for computer and telecommunications equipment (2.8% vs 14.7%), while revenues decreased sharply for other goods (-6.6% vs 0%). On a seasonally adjusted monthly basis, retail activity grew by 0.3% in April, easing from a downwardly revised 3.4% gain in the preceding period.
2026-06-05
Singapore Retail Sales Growth Eases in March
Retail sales in Singapore rose by 4.8% year-on-year in March 2026, slowing from a 8.3% increase in the previous month. This marked the second consecutive month of growth in retail activity but at a softer pace, largely due to lower sales in department stores (-5.7% vs 18% in February) and food and alcohol (-6% vs 12.7%). Activity growth also slowed in supermarkets and hypermarkets (2.7% vs 28.9%), cosmetics, toiletries and medical goods (3.3% vs 13.5%), and overall retail sales excluding motor vehicles, parts and accessories (3.3% vs 11.3%). On the other hand, turnover increased for motor vehicles, parts and accessories (12.9% vs -7.8%), petrol service stations (4% vs -10.1%), and computer and telecommunication equipment (11.9% vs 2.6%). On a seasonally adjusted monthly basis, retail trade grew by 3.7%, rebounding from a 4.3% drop in February.
2026-05-05