Economic Buzz: Singapores Retail Sales Grow 13.7% Y-o-Y In July

6 Sep 2022 , 12:25 PM

Singapores retail sales increased at a softer pace in July, data from the Department of Statistics showed. Retail sales rose 13.7 percent year-on-year in July, after a 14.9 percent growth in June. Excluding motor vehicles, retail sales grew 18.1 percent yearly in July, after a 19.9 percent rise in the preceding month. On a monthly basis, retail sales grew a seasonally adjusted 0.6 percent in July, after a 1.4 percent drop in the prior month.Powered by Commodity Insights