Name: Singapore Retail Sales YoY
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Singapore,Retail Sales YoY,data,chart,actual,historical,values,calendar,forecast,graph,2025,2026,2027

Retail sales in Singapore grew by 0.7% year-on-year in August 2026, slowing from a downwardly revised 1.3% increase in July and marking the softest rise since September 2023. The slowdown was driven mainly by a sharp decline in sales of motor vehicles, parts and accessories (-4.6% vs 1.3% in July), watches and jewellery (-2.7% vs 10.3%), and other goods (-4.3% vs -3.7%). At the same time, turnover growth slowed for recreational goods (4.3% vs 14.3%). In contrast, revenue accelerated for cosmetics, toiletries and medical goods (11.2% vs 4.5%), computer and telecommunications equipment (10.7% vs 5%), and department stores (1.6% vs -3.5%). Petrol service stations also rebounded to 3.2% from a 1.1% decline. Meanwhile, sales excluding motor vehicles, parts and accessories rose 1.6%, accelerating from 1.3% in July. On a seasonally adjusted monthly basis, retail activity dropped by 1%, slipping from a downwardly revised 0.6% gain in July. source: Statistics Singapore

Retail Sales in Singapore increased 0.70 percent in August 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 October of 2026.

Retail Sales in Singapore increased 0.70 percent in August of 2026 over the same month in the previous year. Retail Sales YoY in Singapore is expected to be 2.00 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.

Related	Last	Previous	Unit	Reference
Consumer Spending	54461.40	53861.30	SGD Million	Jun 2026
Gasoline Prices	2.71	2.63	USD/Liter	Sep 2026
Households Debt to GDP	44.10	44.00	percent of GDP	Mar 2026
Private Sector Credit	759114.00	749609.60	SGD Million	Aug 2026
Retail Sales MoM	-1.00	0.60	percent	Aug 2026
Retail Sales YoY	0.70	1.30	percent	Aug 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
	0.70	1.30	80.90	-51.60	1986 - 2026	percent	Monthly	Current Prices, NSA

Compare: Retail Sales YoY by Country

News Stream

Singapore Retail Sales Growth at Nearly 3-Year Low

Retail sales in Singapore grew by 0.7% year-on-year in August 2026, slowing from a downwardly revised 1.3% increase in July and marking the softest rise since September 2023. The slowdown was driven mainly by a sharp decline in sales of motor vehicles, parts and accessories (-4.6% vs 1.3% in July), watches and jewellery (-2.7% vs 10.3%), and other goods (-4.3% vs -3.7%). At the same time, turnover growth slowed for recreational goods (4.3% vs 14.3%). In contrast, revenue accelerated for cosmetics, toiletries and medical goods (11.2% vs 4.5%), computer and telecommunications equipment (10.7% vs 5%), and department stores (1.6% vs -3.5%). Petrol service stations also rebounded to 3.2% from a 1.1% decline. Meanwhile, sales excluding motor vehicles, parts and accessories rose 1.6%, accelerating from 1.3% in July. On a seasonally adjusted monthly basis, retail activity dropped by 1%, slipping from a downwardly revised 0.6% gain in July.

2026-10-05

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