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Chart of the Day: Check out which industry dragged retail sales in November
The said industry posted a 13.5% decline.
Due to the 17% growth in motor vehicle sales, overall retail sales in Singapore posted a 1.1% spike. Without the said industry, retail sales would have slumped 2.1%. Guess which industry posted the heaviest drag.
According to the Department of Statistics, retail sales of computer & telecommunications equipment declined 13.5% in November compared to last year.
Likewise, retail sales of watches and jewellery, wearing apparel & footwear, furniture & household equipment, supermarkets, f&b, department stores, mini-marts & convenience stores, and petrol services fell between 1.1% to 6% during the said period.
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