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. source: Statistics Singapore
Retail Sales YoY in Singapore averaged 4.53 percent from 1986 until 2021, reaching an all time high of 79.90 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 2021.
Retail Sales YoY in Singapore is expected to be 12.00 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 3.00 percent in 2022, according to our econometric models.