Retail, F&B sales down 10.8% in September

Both sales extended drop since August.

Retail sales fell 10.8% YoY in September, extending the 5.4% YoY decline in August, reports the Department of Statistics (SingStat).

The decline for the month was largely due to lower mobile phone sales compared to the same time last year where there were new mobile phone launches.

Seasonally adjusted retails sales also fell 4.5%

Meanwhile, food and beverage (F&B) services sales plummeted 29.9% YoY over the same period, a higher drop from the 28.1% YoY decline of August.

The low sales was attributed to the larger contraction of the food catering industry and the dwindling sales of eating places and fast food outlets.

Seasonally adjusted F&B sales dipped 1.2% over the previous month.