Singapore's retail sales dropped by 10% year-on-year in February 2019, worse than market consensus of a 5.2% fall and after a 7.6% gain in January, affected by higher sales in February 2018 which was associated with the Chinese New Year festive season. Sales fell for all categories: motor vehicles (-5% vs 20% in January), petrol service (-7.7% vs 0.1%), medical goods & toiletries (-10.4% vs 10.1%), wearing apparel (-14.9% vs 10.6%), furniture & household equipment (-14.7% vs -0.1%), recreational goods(-5.2% vs 1.1%), watches & jewelry (-9.2% vs 3.9%), computer & telecommunications (-4.3% vs -11.4%), optical goods & books (-7.2% vs -1.4%) and others (-1.5% vs 8.7%). Also, sales shrank in department stores (-11.8% vs 8.8%), supermarkets (-13.2% vs 9.7%), mini-marts (-5.2% vs 2.1%) and food retailers (-24.8% vs 8.3%). On a monthly basis, retail sales fell unexpectedly by 1.5% in February, compared to an upwardly revised 0.5% rise in January, missing estimates of a 1.5% growth. Retail Sales YoY in Singapore averaged 4.99 percent from 1986 until 2019, 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 1.60 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 2.40 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
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-11 05:00 AM Retail Sales YoY -3.0% 0.1% 0.4%
2019-02-12 05:00 AM Retail Sales YoY -6% -2.4% 3.5%
2019-03-12 05:00 AM Retail Sales YoY 7.6% -5.8% 2%
2019-04-12 05:00 AM Retail Sales YoY -10% 7.6% -5.2%
2019-05-10 05:00 AM Retail Sales YoY -10% 1.7%
2019-06-12 05:00 AM Retail Sales YoY
2019-07-12 05:00 AM Retail Sales YoY


Singapore Consumer Last Previous Highest Lowest Unit
Retail Sales MoM -1.50 0.50 32.60 -31.20 percent [+]
Retail Sales YoY -10.00 7.60 50.90 -28.40 percent [+]
Consumer Spending 38550.50 38374.40 38550.50 4086.60 SGD Million [+]
Private Sector Credit 602884.20 601778.10 602884.20 56535.00 SGD Million [+]
Bank Lending Rate 5.25 5.33 14.98 5.25 percent [+]
Households Debt To GDP 54.90 57.90 59.90 21.80 percent of GDP [+]
Gasoline Prices 1.63 1.59 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-10.00 7.60 50.90 -28.40 1986 - 2019 percent Monthly
NSA




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