Retail sales up 2.9% in December as car deals surge

Motor vehicle sales jumped 62.5%.

Islandwide retail sales rose 2.9% year-on-year in December on back of a 62.5% surge in car deals, according to latest data from the Ministry of Trade and Industry (MTI) and the Department of Statistics.

Excluding motor vehicles, retail sales decreased 3.6%. The total retail sales value in December 2015 was estimated at $4.1 billion, higher than the $4.0 billion in December 2014.

On a month-on-month basis, seasonally adjusted retail sales dropped 2.1% in December. Excluding car sales, retail sales declined 2.8%.

Meanwhile, sales of food & beverage services decreased 1.8% in December over the previous month. Compared to the same period last year, sales of food & beverage services declined 5.7% in December.

The total sales value of food & beverage services in December 2015 was estimated at $665 million, lower than the $705 million in December 2014.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. 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