, Singapore

Retail sales up 3.8% in April as car deals surge

But most other sectors saw a drop in sales.

Retail sales in Singapore rose 3.8% on a year-on-year basis, driven by a 43% surge in motor vehicle sales, according to latest statistics from the Ministry of Trade and Industry.

However, most other sales indicators dropped during the month, particularly spending for recreational goods, watches and jewellery, and telecommunications devices and computers.

Excluding motor vehicles, retail sales dropped 3%. On a month-on-month basis, retail sales increased by 1.1%.

Meanwhile, sales of food & beverage services rose by 1.7% year-on-year.

The total retail sales value in April 2016 was estimated at $3.5 billion.
 

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