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Singapore retail sales up 0.4% YOY in April

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Singapore retail sales up 0.4% YOY in April

Singapore's total retail sales for the month of April grew 0.4% year over year to S$3.6 billion.

Total retail sales declined 0.2% on a seasonally adjusted basis from March.

Excluding motor vehicle sales, retail sales rose 0.7% year over year but slid 1.7% month to month.

Across all retail sales categories, petrol stations saw an 8.5% year-over-year increase in sales, partly due to higher petrol prices. Sales also grew 7.8% for medical goods and toiletries, 4.8% for furniture and household equipment, 2.9% for food retailers, 0.3% for mini-marts and convenience stores, and 0.3% for recreational goods.

Meanwhile, year-over-year sales dropped 9.8% for computer and telecommunications equipment, 3.4% for apparel and footwear, 2.3% for supermarkets and hypermarkets, 1.7% for department stores, 1.6% for optical goods and books, 0.8% for motor vehicles, and 0.8% for watches and jewelry.

Total sales for food and beverage services in April were S$662 million, representing a year-over-year decline of 1.2% and a month-to-month decline of 3.4%. Among those services, fast-food outlets posted a 5.4% year-over-year increase in April sales.

As of June 13, US$1 is equivalent to S$1.33.