Singapore retail gross sales – excluding motor automobiles – continued to lower in August, however at a slower tempo in comparison with the earlier months.
The town-state noticed a 1.5 p.c drop in retail gross sales for the month, a slight enchancment from the two.3 p.c discount in July and three.1 p.c decline in June.
In accordance with the Division of Statistics, the entire worth of retail gross sales was about SG$3.5 billion (US$2.7 billion), of which 14.1 p.c have been from on-line retail gross sales.
Inside the retail commerce sector, sporting attire & footwear reported the largest drop in gross sales – at 6.7 per cent, adopted by malls with a 6.2 per cent lower. The remaining majority additionally noticed poorer outcomes, corresponding to petrol service stations, optical items & books, and leisure items.
The meals and alcohol sector swung in opposition to the pattern with an 8.1 p.c enhance. Retailers of cosmetics, toiletries, and medical items and supermarkets and hypermarkets additionally loved enhancements of three.1 p.c and a pair of.2 p.c, respectively.