Retail sales in Singapore rose by 1.9 percent year-on-year in September 2018, after a 0.4 percent fall in August. It was the first increase in retail trade since June, as sales rebounded for motor vehicles (2.6 pct vs -12.8 pct in August). In addition, sales growth accelerated for medical goods & toiletries (3.3 pct vs 2.6 pct); petrol service (11.4 pct vs 10.4 pct) and watches & jewelry (7.4 pct vs 6.3 pct). Also, sales in food retailers grew 2.5 percent, compared to a 3.9 percent fall in a month earlier. At the same time, sales rose less for wearing apparel (3 pct vs 5.6 pct) and recreational goods (2 pct vs 4.7 pct); while continued to fall for computer & telecommunications equipment (-5.8 pct vs -3.8 pct) and optical goods & books (-3.1 pct vs -2.8 pct). On a monthly basis, retail sales fell 0.4 percent. after a downwardly revised 2.4 percent rise in August. Retail Sales YoY in Singapore averaged 5.08 percent from 1986 until 2018, reaching an all time high of 50.90 percent in February of 1988 and a record low of -28.40 percent in February of 1986.

Retail Sales YoY in Singapore is expected to be 3.50 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 0.30 in 12 months time. In the long-term, the Singapore Retail Sales YoY is projected to trend around 3.00 percent in 2020, according to our econometric models.

Singapore Retail Sales YoY
Forecast Data Chart
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.

Calendar GMT Actual Previous Consensus TEForecast
2018-09-12 05:00 AM Retail Sales YoY -2.6% 2.2% 3.1%
2018-10-12 05:00 AM Retail Sales YoY -0.4% -2.7% 0.9%
2018-11-12 05:00 AM Retail Sales YoY 1.9% -0.4% 1.9%
2018-12-12 05:00 AM Retail Sales YoY 1.9% 2.7%

Singapore Consumer Last Previous Highest Lowest Unit
Retail Sales MoM -0.40 2.40 32.60 -31.20 percent [+]
Retail Sales YoY 1.90 -0.40 50.90 -28.40 percent [+]
Consumer Spending 37426.60 36218.50 37595.30 4086.60 SGD Million [+]
Private Sector Credit 595388.60 593843.50 595388.60 56535.00 SGD Million [+]
Bank Lending Rate 5.33 5.33 14.98 5.28 percent [+]
Households Debt To GDP 58.40 58.70 59.90 21.80 percent of GDP [+]
Gasoline Prices 1.68 1.70 1.80 0.61 USD/Liter [+]

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. 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 - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 -0.40 50.90 -28.40 1986 - 2018 percent Monthly