October 17, 2012

Singapore retail sales up in August 2012

Singapore's retail sales grew 3.2% year-on-year in August 2012, up from the 0.4% rise seen in July said the data released by the country's Department of Statistics.

By admin-demo

Singapore’s retail sales grew 3.2% year-on-year in August 2012, up from the 0.4% rise seen in July said the data released by the country’s Department of Statistics.

Retail trade sales, excluding those in motor vehicles sector, increased 2.7% in August from the same month a year earlier.

Sales of food and beverages advanced 6% while wearing apparel and footwear sales moved up 5.1%.

Furniture and household equipment sales grew 1 % and sales of medical goods & toiletries jumped 0.2% year-on-year in August.

Sales of watches and jewelry were down 2.7% during the month, while recreational goods sales rose 7.6% year-on-year.

Telecommunications apparatus & computers sales were down by 5.5% while sales at provision and sundry shops rose 0.8%.

Sales at department stores and supermarkets increased 1.7% and 0.9%, respectively while petrol service stations sales grew 2.1% with sales at other retailers declining 3.7%.

Month-on-month, seasonally adjusted retail sales increased 0.9% for the month.

Retail sales of wearing apparel & footwear, food & beverages, motor vehicles, petrol service stations, department stores and furniture & household equipment also rose between 1.0% and 5.1% compared to the previous month.

Sales of wearing apparel & footwear, motor vehicles, petrol service stations, food & beverages, recreational goods, provision & sundry shops, department stores and optical goods & books also registered growth in sales of between 1.6% and 5.7% over the same period

Turnover of other eating places, fast food outlets and restaurants also rose between 4.4% and 6.7% over a year ago.