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.