Telecom gadgets, computer sales crash 11.4%

Overall retail sales dropped 2.9%.

According to SingStat's Retail Sales Index, retail sales increased 0.4% in July 2012 compared to June 2012. Excluding motor vehicles, retail sales decreased 0.8%. Compared to a year ago, retail sales declined 2.9% in July 2012. Excluding motor vehicles, retail sales went down 0.7%.

Here's more from SingStat:

Month-on-Month Change
After seasonal adjustment, retailers of motor vehicles, watches & jewellery, department stores and food & beverages reported increases in sales of between 1.8% and 4.9% in July 2012 over June 2012.

On the other hand, retailers of telecommunications apparatus & computers registered a double-digit decline of 11.4% in sales in July 2012 compared to the previous month. Retail sales of recreational goods, furniture & household equipment, provision & sundry shops, wearing apparel & footwear, petrol service stations and optical goods & books also decreased between 0.7% and 6.4% over the same period.

Year-on-Year Change
Retail sales of motor vehicles decreased 9.7% in July 2012 over July 2011. Similarly, retailers of watches & jewellery, recreational goods, petrol service stations, telecommunications apparatus & computers, department stores, optical goods & books, furniture & household equipment and wearing apparel & footwear also registered declines in sales of between 1.1% and 4.2%.

In contrast, retailers of medical goods & toiletries reported an 8.6% increase in sales while retail sales of supermarkets, food & beverages and provision & sundry shops rose between 1.0% and 5.5% in July 2012 over July 2011.

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