Singapore's retail sales rose by 6.2% yoy in March 2021, after an upwardly revised 5.3% gain a month earlier. This was the steepest growth in retail trade since January 2019, as consumption accelerated in the wake of the COVID-19 pandemic. There were increases in sales of wearing apparel & footwear (35.6 percent vs 31.8 percent in February); watches & jewelry (60.2 percent vs 34.7 percent); petrol service stations (18.6 percent vs 0.8 percent); recreational goods (28.3 percent vs 16.1 percent); furniture & household equipment (1.8 percent vs 12.0 percent); and computer & telecommunication equipment (19.9 percent vs 12.9 percent). By contrast, decreases were seen in supermarkets & hypermarkets (-14.0 percent vs 13.6 percent); mini-marts & convenience stores (-6.0 percent vs 1.0 percent). On a monthly basis, retail sales went up 3% in March, swinging from a downwardly revised 1.5% fall in February. source: Statistics Singapore

Retail Sales YoY in Singapore averaged 4.19 percent from 1986 until 2021, reaching an all time high of 50.70 percent in February of 1988 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 May of 2021.

Retail Sales YoY in Singapore is expected to be 13.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Singapore to stand at 2.00 in 12 months time. In the long-term, the Singapore Retail Sales YoY is projected to trend around 3.00 percent in 2022, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Singapore Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
6.20 5.20 50.70 -51.60 1986 - 2021 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-02-05 05:00 AM Dec -3.6% -1.7% -1.5%
2021-03-05 05:00 AM Jan -6.1% -3.3% 1.5%
2021-04-05 05:00 AM Feb 5.2% -6.1% -3.5%
2021-05-05 05:00 AM Mar 6.2% 5.3% 7.3%
2021-06-04 05:00 AM Apr 6.2%
2021-07-03 05:00 AM May
2021-08-05 05:00 AM Jun
2021-09-04 05:00 AM Jul
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
Singapore Retail Sales Growth at Over 2-Year High
Singapore's retail sales rose by 6.2% yoy in March 2021, after an upwardly revised 5.3% gain a month earlier. This was the steepest growth in retail trade since January 2019, as consumption accelerated in the wake of the COVID-19 pandemic. There were increases in sales of wearing apparel & footwear (35.6 percent vs 31.8 percent in February); watches & jewelry (60.2 percent vs 34.7 percent); petrol service stations (18.6 percent vs 0.8 percent); recreational goods (28.3 percent vs 16.1 percent); furniture & household equipment (1.8 percent vs 12.0 percent); and computer & telecommunication equipment (19.9 percent vs 12.9 percent). By contrast, decreases were seen in supermarkets & hypermarkets (-14.0 percent vs 13.6 percent); mini-marts & convenience stores (-6.0 percent vs 1.0 percent). On a monthly basis, retail sales went up 3% in March, swinging from a downwardly revised 1.5% fall in February.
2021-05-05
Singapore Retail Sales Rise for 1st Time in 25 Months
Singapore's retail sales jumped 5.2 percent year-on-year in February 2021, ending a 24-month period of decline, due to the Chinese New Year celebrations. There were increases in sales of wearing apparel & footwear (31.6 percent vs -28.4 percent in January); watches & jewelry (34.1 percent vs -8.1 percent); petrol service stations (0.8 percent vs -7.3 percent); supermarkets & hypermarkets (13.6 percent vs 7.3 percent); recreational goods (13.9 percent vs 7.3 percent); mini-marts & convenience stores (1.0 percent vs -3.8 percent); furniture & household equipment (11.4 percent vs 28.9 percent); and computer & telecommunication equipment (12.8 percent vs 24.4 percent). On a seasonally adjusted monthly basis, retail sales fell by 1.6% in February, after decreasing by 1.7 percent in January.
2021-04-05
Singapore Retail Sales Drop the Most in 3 Months
Singapore's retail sales declined by 6.1% year-on-year in January of 2021, much faster than a downwardly revised 3.3% drop a month earlier. This was the 24th straight month of decrease in retail trade and the steepest pace in three months, reflecting the impact of the ongoing COVID-19 pandemic on consumption. Sales shrank further for food & alcohol (-43.6% vs -32.4% in December), petrol service (-7.3% vs -5%), cosmetics, toiletries (-31.8% vs -33.3%), wearing apparel (-28.5% vs -22.9%), watches & jewelry (-8.1% vs -10.1%), optical good & books (-6.1% vs -8.8%), others (-9.8% vs -12.2%), and department stores (-36.1% vs -28.8%). By contrast, sales grew for motor vehicles (10.3% vs 3.3%), furniture (25.9% vs 21.2%), computer & telecommunication equipment (24.8% vs 25.4%), and supermarkets (7.8% vs 25.4%). On a monthly basis, retail sales fell by 1.8%, after a revised 1% decrease in December.
2021-03-05
Singapore Retail Sales Fall for 23rd Month
Singapore's retail sales declined by 3.6 percent year-on-year in December of 2020, after a downwardly revised 1.7 percent drop a month earlier. This was the 23rd straight month of decrease in retail trade, dragged by food & alcohol (-35.0% vs -36.8% in November), petrol service (-5.0% vs -12.9%), cosmetics, toiletries (-35.4% vs -26.7%), wearing apparel (-22.8% vs -23.1%), watches & jewelry (-10.2% vs -7.6%), optical good & books (-11.6% vs -8.7%), others (-10.5% vs -19.2%), and department stores (-28.7% vs -23.5%). By contrast, sales grew for motor vehicles (3.3% vs 5.2%), furniture (20.8% vs 27.3%), computer & telecommunication equipment (24.8% vs 28.8%), and supermarkets (25.3% vs 23.3%). On a monthly basis, retail sales fell by 0.9%, reversing from an upwardly revised 7.5% jump in November.
2021-02-05

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.