Retail sales up 7.5% in January as car sales surge

Vehicle sales jumped 50.9%.

Overall retail sales in Singapore rose 7.5% year-on-year in January on back of accelerating car sales, according to latest data from the Department of Statistics (SingStat).

The total retail sales value in January was estimated at $4.1 billion, higher than the $3.8 billion in the same period last year.

Excluding motor vehicle sales, retail sales rose by a more marginal 1.4% year-on-year.

Sales of food & beverage services dropped 0.6% year-on-year. The total sales value of F&B sales was estimated at $685 million, lower than the $689 million in January 2015.

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