Retail sales in Singapore fell 0.4% year-on-year in January 2026, reversing a downwardly revised 2.5% rise in the previous month and marking the lowest level since February 2025. The decline was broad-based, with department stores (-12.3% vs -3% in December), petrol service stations (-9.7% vs -9.1%), wearing apparel and footwear (-12.9% vs -2.1%), and others (-14.9% vs -10.2%) among the hardest hit. Sales also fell in supermarkets and hypermarkets (-9.7% vs 3.7%), mini-marts and convenience stores (-2.7% vs 6.7%), and cosmetics, toiletries, and medical goods (-0.4% vs 0.2%), reversing gains from the previous month. Moreover, sales growth in computer and telecommunication equipment moderated to 14.1% from 18.8%. On a seasonally adjusted monthly basis, retail sales rose 6.1% in January, recovering from a revised 2.7% decline in December, marking the highest level since March 2022. source: Statistics Singapore

Retail Sales in Singapore decreased 0.40 percent in January of 2026 over the same month in the previous year. Retail Sales YoY in Singapore averaged 4.50 percent from 1986 until 2026, reaching an all time high of 80.90 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 March of 2026.

Retail Sales in Singapore decreased 0.40 percent in January of 2026 over the same month in the previous year. Retail Sales YoY in Singapore is expected to be 2.30 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 1.70 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-02-05 05:00 AM
Retail Sales YoY
Dec 2.7% 6.2% 5.5%
2026-03-05 05:00 AM
Retail Sales YoY
Jan -0.4% 2.5% 3.1%
2026-04-06 05:00 AM
Retail Sales YoY
Feb -0.4%


Related Last Previous Unit Reference
Consumer Spending 55262.20 52257.80 SGD Million Dec 2025
Gasoline Prices 2.84 2.84 USD/Liter Feb 2026
Households Debt to GDP 44.60 44.10 percent of GDP Jun 2025
Private Sector Credit 711142.20 707774.30 SGD Million Jan 2026
Retail Sales MoM 6.10 -2.70 percent Jan 2026
Retail Sales YoY -0.40 2.50 percent Jan 2026


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
-0.40 2.50 80.90 -51.60 1986 - 2026 percent Monthly
Current Prices, NSA

News Stream
Singapore Retail Sales Fall to 11-Month Low
Retail sales in Singapore fell 0.4% year-on-year in January 2026, reversing a downwardly revised 2.5% rise in the previous month and marking the lowest level since February 2025. The decline was broad-based, with department stores (-12.3% vs -3% in December), petrol service stations (-9.7% vs -9.1%), wearing apparel and footwear (-12.9% vs -2.1%), and others (-14.9% vs -10.2%) among the hardest hit. Sales also fell in supermarkets and hypermarkets (-9.7% vs 3.7%), mini-marts and convenience stores (-2.7% vs 6.7%), and cosmetics, toiletries, and medical goods (-0.4% vs 0.2%), reversing gains from the previous month. Moreover, sales growth in computer and telecommunication equipment moderated to 14.1% from 18.8%. On a seasonally adjusted monthly basis, retail sales rose 6.1% in January, recovering from a revised 2.7% decline in December, marking the highest level since March 2022.
2026-03-05
Singapore Retail Sales Ease to 3-Month Low
Retail sales in Singapore rose by 2.7% year-on-year in December 2025, slowing from a downwardly revised and near two-year high of 6.2% gain in the previous month. This marked the weakest growth since September 2025, as sales growth moderated across several categories, including supermarkets and hypermarkets (4% vs 6.8% in November), minimarts and convenience stores (4.9% vs 8.9%), cosmetics, toiletries and medical goods (0.2% vs 12%), recreational goods (13.4% vs 14%), watches and jewelry (7.1% vs 10.9%), and optical goods and books (1% vs 5.1%). In addition, sales slipped for department stores (-1.7% vs 2.6%) and wearing apparel and footwear (-1.8% vs 6.3%), while declines deepened for food and alcohol (-7.1% vs -3.2%) and petrol service stations (-9.1% vs -6.7%). On a seasonally adjusted monthly basis, retail sales tumbled to 5.4%, from a revised 0.2% fall in November, marking the steepest decline since May 2021.
2026-02-05
Singapore Retail Sales Growth Hits 21-Month High
Retail sales in Singapore increased by 6.3% year-on-year in November 2025, accelerating from a downwardly revised 4.4% gain in the previous month and marking the strongest growth since February 2024. Sales rose at a faster pace for motor vehicles (10.4% vs 9.7% in October), supermarkets and hypermarkets (6.8% vs 3.6%), mini-marts and convenience stores (9.2% vs 3.3%), and cosmetics, toiletries, and medical goods (11.4% vs 8.0%), while rebounding for department stores (2.1% vs -1.7%). Meanwhile, sales growth eased for watches and jewellery (13.1% vs 25.0%), recreational goods (13.9% vs 20.4%), and optical goods and books (3.5% vs 6.6%). In addition, sales declined at a softer pace for food and alcohol (-3.1% vs -5.8%) and petrol service stations (-6.7% vs -17.0%). On a seasonally adjusted monthly basis, retail sales were unchanged in November, after rising 2.3% in October.
2026-01-05