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Retail sales climb 1.1% YoY in July
Month-on-month, sales improved by 0.6%.
Retail sales grew 1.1% YoY and 0.6% MoM in July, translating to a sales value of $3.9b.
Of the total sales value, 12.6% was from online sales.
Excluding motor vehicles which saw a 7.3% YoY increase, sales would have declined by 1.1% MoM.
Department of Statistics Singapore (Singstat) attributed the year-on-year uptick to increases in sales of most industries.
Apart from motor vehicles, industries which recorded a sales increase in July include Food & Alcohol (+21.0% YoY); Cosmetics, Toiletries & Medical Goods (+2.8% YoY); Optical Goods & Books (+4.6% YoY); Wearing Apparel & Footwear (+6.5% YoY); Watches & Jewellery (+0.6% YoY); Mini-marts & Convenience Stores (+7.4% YoY); Furniture & Household Equipment (+0.5% YoY); and Computer & Telecommunications Equipment (+1.9% YoY).
On the other hand, Department Stores (-2.1% YoY), Recreational Goods (-5.8% YoY), Supermarkets and Hypermarkets (-2.3% YoY); and Petrol Service Stations (-16.1% YoY) recorded a decline in sales.
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