Retail sales in Singapore grew by 1.5% year-on-year in July 2026, marking the softest rise since May 2025 and slowing from a 4% increase in the previous month. The slowdown was mainly driven by declines in sales for department stores (-3.5% vs -9.8% in June), food and alcohol (-5.1% vs -1.2%), optical goods and books (-2.2% vs 0%), and other goods (-4% vs 1.1%). At the same time, turnover growth moderated for motor vehicles, parts and accessories (1.4% vs 3.6%), cosmetics toiletries and medical goods (4.5% vs 8.7%), and computer and telecommunications equipment (5.1% vs 11.6%). In contrast, revenues accelerated for recreational goods (13.9% vs 7.6%) and watches and jewelry (11.1% vs 10.6%). Meanwhile, total retail sales, excluding motor vehicles, parts and accessories, rose by 1.5%, following a 4.1% gain in June. On a seasonally adjusted monthly basis, retail activity increased by 0.9%, the same pace as in the preceding period. source: Statistics Singapore

Retail Sales in Singapore increased 1.50 percent in July of 2026 over the same month in the previous year. Retail Sales YoY in Singapore averaged 4.50 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 September of 2026.

Retail Sales in Singapore increased 1.50 percent in July 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
2026-08-05 05:00 AM
Retail Sales YoY
Jun 4% 2.9% 4.8%
2026-09-07 05:00 AM
Retail Sales YoY
Jul 1.5% 4% 4.3%
2026-10-05 05:00 AM
Retail Sales YoY
Aug 1.5% 1.7%


Related Last Previous Unit Reference
Consumer Spending 54461.40 53861.30 SGD Million Jun 2026
Gasoline Prices 3.46 3.34 USD/Liter Sep 2026
Households Debt to GDP 44.10 44.00 percent of GDP Mar 2026
Private Sector Credit 749609.60 742123.10 SGD Million Jul 2026
Retail Sales MoM 0.90 0.90 percent Jul 2026
Retail Sales YoY 1.50 4.00 percent Jul 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
1.50 4.00 80.90 -51.60 1986 - 2026 percent Monthly
Current Prices, NSA

News Stream
Singapore Retail Sales Growth at 14-Month Low
Retail sales in Singapore grew by 1.5% year-on-year in July 2026, marking the softest rise since May 2025 and slowing from a 4% increase in the previous month. The slowdown was mainly driven by declines in sales for department stores (-3.5% vs -9.8% in June), food and alcohol (-5.1% vs -1.2%), optical goods and books (-2.2% vs 0%), and other goods (-4% vs 1.1%). At the same time, turnover growth moderated for motor vehicles, parts and accessories (1.4% vs 3.6%), cosmetics toiletries and medical goods (4.5% vs 8.7%), and computer and telecommunications equipment (5.1% vs 11.6%). In contrast, revenues accelerated for recreational goods (13.9% vs 7.6%) and watches and jewelry (11.1% vs 10.6%). Meanwhile, total retail sales, excluding motor vehicles, parts and accessories, rose by 1.5%, following a 4.1% gain in June. On a seasonally adjusted monthly basis, retail activity increased by 0.9%, the same pace as in the preceding period.
2026-09-07
Singapore Retail Sales Rise in June
Retail sales in Singapore rose by 4% year-on-year in June 2026, accelerating from a downwardly revised 2.9% increase in the previous month. Sales mainly increased for recreational goods (11.4% vs 25.9% in May), watches and jewelry (10.5% vs 11.7%), and computer and telecommunications (9.8% vs 7.9%). Additionally, revenues rebounded for motor vehicles, parts and accessories (3.6% vs -0.9%) and other goods (0.3% vs -4.7%), while turnover declined at a lesser extent for food and alcohol (-0.7% vs -3.5%). In contrast, department stores (-9.5% vs -3.2%) and retailers of wearing apparel and footwear (-1.7% vs 0.3%) recorded declines in sales. On a seasonally adjusted, retail activity grew by 1% in June, recovering from a slightly downwardly revised 2.2% drop in the preceding period.
2026-08-05
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