Singapore retail sales growth accelerates to 4% in June

Sector valued at $4.2b as online transactions accounted for 16.4% of the total.

The Republic’s retail sales rose 4% year-on-year (YoY) in June, accelerating from the 2.9% increase recorded in the previous month, data from the Singapore Department of Statistics showed.

The estimated total retail sales value reached $4.2b, with online transactions accounting for 16.4%, up from 15.3% in May.

Excluding motor vehicles, parts, and accessories, sales increased 4.1%, following 3.6% growth in the last month.

On a seasonally adjusted basis, retail sales rose 1% from May. Excluding motor vehicles, parts and accessories, sales increased 0.2%.

Most of the sector’s industries recorded YoY growth in June.

Recreational goods sales increased 11.4%, mainly due to higher sporting-goods sales, whilst watches and jewellery rose 10.5%. Computer and telecommunications equipment sales went up 9.8%.

Online sales accounted for nearly 65% of computer and telecommunications equipment sales, 35.2% of furniture and household equipment sales, and 12.2% of supermarket and hypermarket sales.

However, department-store sales fell 9.5%, whilst wearing apparel and footwear declined 1.7%.

A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia