RETAIL, TRANSPORT & LOGISTICS | Staff Reporter, Singapore

Retail sales up 4.7% in November as car sales accelerate

Total sales value stood at $3.5 billion.

The continued surge in automobile sales fuelled the 4.7% year-on-year growth in Singapore’s overall retail sales figure in November, date from the Department of Statistics showed today.

Car sales leaped by a whopping 59.7% in November, one of only three sectors to register sales growth last month.

Excluding car sales, retail sales dropped by 2%. The biggest sales drop was recorded by petrol service stations, whose sales dropped 15.8%, and by food and beverage operators, whose sales declined by 11.4%.

The total retail sales value in November 2015 was estimated at $3.5 billion, higher than the $3.3 billion in November 2014.

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