, Singapore

Retail sales decreased 12.1% year-on-year in February 2011

On a month-on-month seasonally adjusted basis, retail sales decreased 3.6 per cent.

According to the Singapore Department of Statistics, compared to February 2010, excluding motor vehicles, retail sales went down 3.5%.

Retail sales of motor vehicles, food & beverages, supermarkets and wearing apparel & footwear recorded double-digit declines of between 14.9% and 37.5% in February 2011.

Department stores and provision & sundry shops also reported decreases of 8.8% and 1.7% respectively.

However, retailers of watches & jewellery, petrol service stations, optical goods & books, furniture & household equipment and telecommunications apparatus & computers recorded higher turnover of between 2.1% and 16.0% over the same period.

Month-on-Month Change (Seasonally Adjusted)

Excluding motor vehicles, retail sales (seasonally adjusted) remained at similar level.

After seasonal adjustment, retail sales of motor vehicles, telecommunications apparatus & computers, optical goods & books, furniture & household equipment and recreational goods decreased between 5.1% and 17.6% compared to the previous month.

On the other hand, retailers of medical goods & toiletries, watches & jewellery, provision & sundry shops, food & beverages and petrol service stations reported higher sales of between 1.4% and 13.3%. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Event News

Event News