Retail sales climb 1.1% YoY in July

Month-on-month, sales improved by 0.6%.

Retail sales grew 1.1% YoY and 0.6% MoM in July, translating to a sales value of $3.9b.

Of the total sales value, 12.6% was from online sales.

Excluding motor vehicles which saw a 7.3% YoY increase, sales would have declined by 1.1% MoM.

Department of Statistics Singapore (Singstat) attributed the year-on-year uptick to increases in sales of most industries.

Apart from motor vehicles, industries which recorded a sales increase in July include Food & Alcohol (+21.0% YoY); Cosmetics, Toiletries & Medical Goods (+2.8% YoY); Optical Goods & Books (+4.6% YoY); Wearing Apparel & Footwear (+6.5% YoY); Watches & Jewellery (+0.6% YoY); Mini-marts & Convenience Stores (+7.4% YoY); Furniture & Household Equipment (+0.5% YoY); and Computer & Telecommunications Equipment (+1.9% YoY).

On the other hand, Department Stores (-2.1% YoY), Recreational Goods (-5.8% YoY), Supermarkets and Hypermarkets (-2.3% YoY); and Petrol Service Stations (-16.1% YoY) recorded a decline in sales.

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Department of Statistics

Singapore retail sales

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