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Chart of the Day: Retail sales in Singapore up 0.2% in April
That's excluding motor vehicles.
According to Savills, retail sales (excluding motor vehicles) continued with a tepid performance, inching up 0.2% year-on-year (YoY) in April. Watches and jewellery took a surprising upswing which could be due to falling metal prices. Other segments which contributed to April’s growth were supermarkets and F&B.
Here's more from Savills:
It remains to be seen whether the ongoing Great Singapore Sales will generate enough lift for retail sales to take off, especially with the severe haze conditions which hit Singapore recently.
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