Singapore retail sales growth accelerates to 4% in June

Sector valued at $4.2b as online transactions accounted for 16.4% of the total.

The Republic’s retail sales rose 4% year-on-year (YoY) in June, accelerating from the 2.9% increase recorded in the previous month, data from the Singapore Department of Statistics showed.

The estimated total retail sales value reached $4.2b, with online transactions accounting for 16.4%, up from 15.3% in May.

Excluding motor vehicles, parts, and accessories, sales increased 4.1%, following 3.6% growth in the last month.

On a seasonally adjusted basis, retail sales rose 1% from May. Excluding motor vehicles, parts and accessories, sales increased 0.2%.

Most of the sector’s industries recorded YoY growth in June.

Recreational goods sales increased 11.4%, mainly due to higher sporting-goods sales, whilst watches and jewellery rose 10.5%. Computer and telecommunications equipment sales went up 9.8%.

Online sales accounted for nearly 65% of computer and telecommunications equipment sales, 35.2% of furniture and household equipment sales, and 12.2% of supermarket and hypermarket sales.

However, department-store sales fell 9.5%, whilst wearing apparel and footwear declined 1.7%.

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia