, 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
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.