Singapore retail sales

In October, retail sales grew 10.3% YoY.

In August, retail sales grew 13.3% YoY.

In July, retail sales grew 13.9% YoY.

In June, retail sales grew 14.8% YoY.

Compared to June last year, wearing apparel and footwear sales grew by 92.4% YoY.

Retail sales are expected to grow 10% in 2022 from 11.1% in 2021.

In May, retail sales grew 17.8% YoY.

Analysts predict the full-year retail sales to grow around 9%-10%.

Excluding motor vehicles, total retail sales increased by 22.6% YoY.

The new store will be launched in the third quarter of the year. 

However, most prefer to purchase products through the internet.

In April, sales expanded by 12.1% YoY.

F&B, however, weakened in February and March.

Yet only 1 in 3 retailers offer this option.

However, this is only if retailers can give assurance on security and privacy.

The increase was driven by larger growth in mutiple industries.