Singapore Retail Sales YoY1986-2021 Data | 2022-2023 Forecast | Calendar

Singapore's retail sales edged up 0.2% yoy in July 2021, after an upwardly revised 26.0 % jump a month earlier. This was the sixth straight month of growth in retail trade but the least pace in the sequence, amid rising cases of the Delta strain of COVID-19. Sales growth moderated for food & alcohol (9.1% vs 16.2% in June), petrol service (33.5% vs 43.8%), wearing apparel & footwear (0.4% vs 62.6%), watches & jewelry (10.4% vs 78.4%), and computer & telecommunications (4.2% vs 13.8%). In addition, sales fell for motor vehicles (-9.8% vs 80.6%), furniture & households (-4% vs 37.5%), recreational goods (-7.1% vs 53.1%), optical goods & books (-7.7% vs 18.2%), others (-7.9% vs 24.7%), and in department stores (-9.2% vs 63.2%). On a monthly basis, retail sales grew 0.8%, after gaining an upwardly revised 1.9% rise in June.

Singapore's retail sales increased 25.8% yoy in June 2021, after a record of 79.9 % growth a month earlier, amid a low base effect last year and as a recovery in the economy from the pandemic accelerated. Sales advanced for most components: food & alcohol (14.1% vs 45.1% in May), motor vehicles (80.6.2% vs 421.2%), petrol service (43.8% vs 113.6%), wearing apparel & footwear (60.0% vs 446.8%); furniture & households (37.2% vs 160.7%), recreational goods (53.9% vs 215.1%), watches & jewelry (78.4% vs 2,090.8%), computer & telecommunications (13.7% vs 66.8%), optical goods & books (18.9% vs 293.7%), others (24.6% vs 140.1%), and department stores (61.8% vs 512.3%). By contrast, sales fell for both supermarkets (-4.5% vs -11.4%) and cosmetic, toiletries (-0.2% vs 35.4%). On a monthly basis, retail sales grew 1.8%, rebounding sharply from a 6.5% rise in May.

Singapore's retail sales surged to a record peak of 79.7% yoy in May 2021, after a 54.0 % growth a month earlier, amid a low base effect last year and as a recovery in the economy from the pandemic accelerated. Sales rose for most components: food & alcohol (44.3% vs 33.7% in April), motor vehicles (4211.2% vs 261.3%), petrol service (114.3% vs 1-4%), cosmetic, toiletries (34.7% vs 31.9%), wearing apparel & footwear (447.1% vs442.8%); furniture & households (161% vs 64.5%), recreational goods (219.7% vs 174.9%), watches & jewelry (2,090% vs 647.2%), computer & telecommunications (68.9% vs 17.6%), optical goods & books (296.5% vs 102.9%), others (140.1% vs 103.1%), and department stores (513% vs 269.8%). In addition, sales in supermarkets fell much less (-12.1% vs -30.3%). On a monthly basis, retail sales fell 6.8% after falling 1.4% in April.

Singapore's retail sales surged by 54% yoy in April 2021, after an upwardly revised 6.3% growth a month earlier. This was the sharpest growth in retail trade since the series began in 1996, amid a low base effect in last year, due to the impact of the coronavirus crisis. There were increases in sales of wearing apparel & footwear (442.6 percent vs 33.5 percent in March); watches & jewelry (646.8 percent vs 60.2 percent); petrol service stations (103.8 percent vs 18.5 percent); recreational goods (174.6 percent vs 27.6 percent); furniture & household equipment (63.0 percent vs 1.8 percent); and computer & telecommunication equipment (17.3 percent vs 20.3 percent). By contrast, decreases were seen in supermarkets & hypermarkets (-30.2 percent vs -13.9 percent); mini-marts & convenience stores (-16.8 percent vs -6.0 percent). On a monthly basis, retail sales fell 1.3% in April, reversing from a 3% rise in March.