Retail sales jumped 15.8% in February thanks to F&B's surge

F&B sales soared 66.6%.

A 66.6% year-on-year increase in food and beverage sales drove the retail sales index higher in February.

Data released today by the Department of Statistics showed that overall retail sales registered a 15.8% year-on-year increase last month, due mainly to higher sales from the Chinese New Year period.

On a month-on-month basis, retail sales decreased 3.3% in February 2015 over the previous month. This was driven by a 24.8% decrease in motor vehicle sales.

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