Retail sales growth moderates to 6.2% YoY in November

In October, retail sales grew 10.3% YoY.

Retail sales grew 6.2% YoY in November, moderating from the 10.3% increase in October. This translates to a sales value of $4.0b.

Of the total sales value, 14.5% was from online sales.

Excluding motor vehicles which saw a 12.4% YoY drop in November, total retail sales would have been up by 8.7% YoY, data from the Department of Statistics Singapore (Singstat) showed.

Singstat attributed the year-on-year increase in retail sales to increases in industries such as Food & Alcohol (+57.6% YoY) and Wearing Apparel & Footwear (+34.1% YoY) industries.

Other industries that saw increased sales were Department Stores (+22.0% YoY); Cosmetics, Toiletries & Medical Goods (+16.3% YoY); Recreational Goods (+16.2% YoY); Petrol Service Stations (+8.5% YoY); Optical Goods & Books (+5.9% YoY).

On the other hand, sales of Furniture & Household Equipment (-0.7% YoY); Computer & Telecommunications Equipment (-3.9% YoY); Supermarkets & Hypermarkets (-5.8% YoY); Mini-marts & Convenience Stores (-0.1% YoY) dipped in November.

Follow the link for more news on

Department of Statistics

Singapore retail sales

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