Retail sales index up 1.8% in July

Total sales value climbed to $3.7b.

Retail sales in Singapore are still growing as the retail sales index grew 1.8% YoY and 3.0% MoM in July.

According to the Department of Statistics, overall retail sales index without motor vehicles rose by 1.8% YoY and 2.6% MoM.

Total retail sales value for the month hit $3.7b, higher than last year's $3.6b.

Four out of 14 sub-sectors recorded a lower change in retail sales YoY.

Furniture & household equipment sales declined the most by 6.3%. This was followed by sales from food retailers which fell 3.4%.

Sales of mini-marts & convenience and optical goods & books both slid down by 1.2%.

Meanwhile, petrol service station sales grew the most by 8.1% YoY.

Medical goods and toiletries sales followed at 7.3%.

Sales from department stores, watches & jewelry, and wearing apparel & footwear all grew by 5.3%, 3.5%, and 2.6%, respectively.

Computer & telco equipment sales also grew by 2.1%.

Sales for recreational goods, motor vehicles, and supermarkets grew the least by 1.3%, 0.3%, and 0.1%, respectively.

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