Retail sales in Singapore dropped 8.7%

Blame it on lower motor vehicles sales.

According to the Department of Statistics, compared to November 2012 retail sales declined 8.7% in November 2013, mainly due to lower motor vehicles sales. Excluding motor vehicles, retail sales went up by 0.4%

On the other hand, retailers of motor vehicles and telecommunications apparatus & computers recorded declines in sales of 5.8% and 2.2% respectively compared to the previous month.

Year-on-Year Change

Compared to November 2012, retailers of motor vehicles and telecommunications apparatus & computers reported double-digit declines in sales of 41.8% and 11.7% respectively in November 2013. Similarly, retail sales of furniture & household equipment and watches & jewellery decreased 4.4% and 2.8% respectively over the same period.

In contrast, retail sales of optical goods & books, petrol service stations, department stores, supermarkets, food & beverages, recreational goods and medical goods & toiletries increased between 1.3% and 7.2% in November 2013 over November 2012.

Also Read

Changi Airports and Hainan Meilan form JV for non-aero services

F&B brands remain key drivers of retail leasing in Q3

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit