Singapore's retail sales grew by 14.8% yoy in June 2022, slowing from a 17.8% gain a month earlier which was the steepest pace in 11 months while gaining for the fourth straight month of rise. Sales growth slowed for wearing apparel (92.4% vs 99.8% in May), recreational goods (26.7% vs 35.8%), and others (17.7% vs 24.5%), with sales of computer & telecommunications were sluggish (0.1% vs 4.2%) while those in department stores eased sharply (57.8% vs 73.2%). In addition, sales of motor vehicles fell further (-11.4% vs -10.2%). By contrast, sales rose faster for food & alcohol (47.7% vs 47.0%), cosmetics, toiletries (25.6% vs 19.6%), petrol services (46.2% vs 45.8%), optical goods & books (17.7% vs 14.3%). On a monthly basis, retail sales dropped 1.4% in June after gaining 1.8% in May. source: Statistics Singapore

Retail Sales YoY in Singapore averaged 4.60 percent from 1986 until 2022, 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 August of 2022.

Retail Sales YoY in Singapore is expected to be 5.00 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 2023, according to our econometric models.

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Singapore Retail Sales YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-07-05 05:00 AM May 17.8% 12.1% 11.8%
2022-08-05 05:00 AM Jun 14.8% 17.8% 16.5%
2022-09-02 05:00 AM Jul 14.8%


Related Last Previous Unit Reference
Retail Sales MoM -1.40 1.80 percent Jun 2022
Retail Sales YoY 14.80 17.80 percent Jun 2022
Consumer Spending 45497.00 43741.30 SGD Million Jun 2022

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
14.80 17.80 79.90 -51.60 1986 - 2022 percent Monthly
NSA

News Stream
Singapore Retail Sales Rise for 14th Month
Singapore's retail sales grew by 14.8% yoy in June 2022, slowing from a 17.8% gain a month earlier which was the steepest pace in 11 months while gaining for the fourth straight month of rise. Sales growth slowed for wearing apparel (92.4% vs 99.8% in May), recreational goods (26.7% vs 35.8%), and others (17.7% vs 24.5%), with sales of computer & telecommunications were sluggish (0.1% vs 4.2%) while those in department stores eased sharply (57.8% vs 73.2%). In addition, sales of motor vehicles fell further (-11.4% vs -10.2%). By contrast, sales rose faster for food & alcohol (47.7% vs 47.0%), cosmetics, toiletries (25.6% vs 19.6%), petrol services (46.2% vs 45.8%), optical goods & books (17.7% vs 14.3%). On a monthly basis, retail sales dropped 1.4% in June after gaining 1.8% in May.
2022-08-05
Singapore Retail Sales Growth at 11-Month High
Singapore's retail sales rose by 17.8% yoy in May 2022, the most since June 2021, accelerating from a 12.1% gain a month earlier. This was also the third straight month of growth in retail trade, lifted by a further recovery in consumption following a full reopening of the economy. Sales growth accelerated for food & alcohol (47.3% vs 38.4% in April), cosmetics, toiletries (19.5% vs 17.7%), wearing apparel (98.2% vs 46.8%), petrol services (45.8% vs 24.5%), recreational goods (35.2% vs 8.0%, others (24.1% vs 6.1%), and in department stores (73.1% vs 31.3%). Meantime, sales of optical goods & books rebounded sharply (13.6% vs -2.1%), while those of computer & telecommunications eased sharply (5.3% vs 19.8%). By contrast, sales of motor vehicles continued to fall (-10.2% vs -16.4%). On a monthly basis, retail sales gained 1.8% in May, accelerating from a marginally revised 1.1% rise in April.
2022-07-05
Singapore Retail Sales Rise the Most in 10 Months
Singapore's retail sales rose by 12.1% yoy in April 2022, the most since June 2021, accelerating from an upwardly revised 8.8% gain a month earlier and marking the third rise in the past four months, boosted by a further recovery in consumption following a full reopening of the economy. Sales grew faster for food & alcohol (35.6% vs 21.5% in March), wearing apparel (46.6% vs 26.2%), and department stores (31.6% vs 17.0%), petrol services (24.5% vs 23.9%), while there was a rebound in both recreational goods (7.6% vs -1.8%) and others (6.6% vs -1.5%). In addition, sales rose further in supermarkets (5.1% vs 9.3%), and for cosmetics, toiletries (15.3% vs 25.4%), and computer & telecommunications (20.5% vs 25.4%). By contrast, sales dropped further for both motor vehicles (-16.4% vs -14.1%), and optical goods & books (-0.7% vs -8.2%). On a monthly basis, retail sales rose 1.2% in April, easing sharply from a downwardly revised 7.4% gain in March.
2022-06-03