July retail sales accelerate thanks to roaring car deals

Car sales jumped by 40.6%.

Robust car sales once again boosted Singapore’s overall retail sales figure, according to data released today by today by the Department of Statistics.

Sales of motor vehicles recorded a 40.6% year-on-year jump, while the headline retail sales figure grew by 5.2%. Excluding car sales, retail sales increased by a marginal 0.8%.

On a month-on-month basis, car sales fell by 23.1%. The overall retail sales figure slipped by 2.2%.

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