, Singapore
Photo by charlesdeluvio on Unsplash

Retail sales growth moderates to 13.0% YoY in August

In July, retail sales grew 13.9% YoY.

Retail sales grew 13.0% YoY in August, moderating from the 13.9% increase in July. This translates to a sales value of $3.8b.

Of the total sales value, 12.5% were from online sales.

Excluding motor vehicles which saw a 7.9% YoY drop in August, total retail sales would have been up by 16.2% YoY, data from the Department of Statistics Singapore (Singstat) showed.

Singstat attributed the year-on-year increase in retail sales to larger growths in industries such as Wearing Apparel & Footwear (+64.7% YoY), Food & Alcohol (+48.5% YoY), and Department Stores (+42.8 YoY). 

Other industries which posted double-digit increases were Cosmetics, Toiletries & Medical Goods (+24.6% YoY); Petrol Services (+16.3% YoY); Recreational Goods (+10.6%); Cosmetics, Toiletries & Medical Goods (+24.6% YoY); , Optical Goods & Books (+12.4% YoY); Watches & Jewellery (+31.2% YoY); Furniture & Household Equipment (+8.5 YoY);  Computer & Telecommunications Equipment (+4.6% YoY).

On the other hand, sales of Supermarkets & Hypermarkets and Mini-marts & Convenience Stores continued to dip in August by 6.3% YoY and 3.9% YoY, respectively.

Follow the link for more news on

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!