Singapore Retail Sales Decline In January


Singapore retail sales decline at the fastest pace in January, data from the Department of Statistics showed on Thursday.


Retail sales declined 5.3 percent year-on-year in January, following a 3.4 percent fall in December.


Motor vehicle sales decreased 33.6 percent, following a 24.1 percent drop in December.


Excluding motor vehicles, retail sales rose 0.6 percent in January, following a 0.1 percent increase in the preceding month.


Sales of furniture and household equipment declined 16.0 percent and those of optical goods and books, and department stores fell by 9.4 percent and 6.9 percent, respectively, in January.


On a monthly basis, retail sales edged up 0.1 percent in January, after a 0.4 percent fall in the previous month.

1 view
Logo

MONEY
MOVING

by WooHoo Ireland

+353-214-651-000

Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |info@woohooai.com

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram