Most retail categories record higher sales, led by watches and jewellery, as well as recreational goods
[SINGAPORE] Singapore retail sales grew 4.5 per cent year on year in October, accelerating from the previous month, with most industries recording higher sales, data from the Singapore Department of Statistics showed on Friday (Dec 5).
Retail sales in September were revised down to 2.7 per cent year on year.
Excluding motor vehicles, retail sales grew 3.7 per cent in October, picking up from September’s revised 1.8 per cent expansion.
On a seasonally adjusted, month-on-month basis, retail sales rose 2.3 per cent in October, compared with a 1.7 per cent decline in the previous month.
Excluding motor vehicles, retail sales expanded 2.9 per cent on the month, against September’s 2.6 per cent contraction.
Retail sales growth
Year on year: 4.5 per cent
Year on year, excluding motor vehicles: 3.7 per cent
Month on month, seasonally adjusted: 2.3 per cent
Month on month, seasonally adjusted, excluding motor vehicles: 2.9 per cent
Total retail sales value: S$4.4 billion
Year on year, sales grew in 10 of the 14 categories:
Department stores: 2.8 per centSupermarkets and hypermarkets: 3.6 per centMini-marts and convenience stores: 3.3 per centMotor vehicles: 9.7 per centCosmetics, toiletries and medical goods: 6.9 per centFurniture and household equipment: 2.9 per centRecreational goods: 20.4 per centWatches and jewellery: 25 per centComputer and telecommunications equipment: 3.1 per centOptical goods and books: 6.9 per cent
These categories posted a decline:
Food and alcohol: -2.5 per centPetrol service stations: -17.4 per centWearing apparel and footwear: -3.7 per centOthers: -9.2 per centFood and beverage services growth
Year on year: 2.4 per cent
Month on month, seasonally adjusted: 4.3 per cent
Restaurants: -0.6 per centFast-food outlets: 4.4 per centFood caterers: 12.8 per centCafes, food courts and other eating places: 1.3 per cent
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