Singapore Retail Sales Decline Slows In November


Singapore retail sales decline slowed November, but remained strong led by a steep fall in automobile sales, data from the Department of Statistics showed on Friday.


Retail sales declined 4.0 percent year-on-year in November, following a 4.4 percent fall in October. Economists had expected a 4.4 percent decrease.


Motor vehicle sales decreased 22.4 percent, after a 22.8 percent drop in October.


Excluding motor vehicles, retail sales declined 0.6 percent, following a 0.7 percent fall.


Sales of furniture and household equipment, and those at department stores fell by 10.9 percent 8.4 percent, respectively, in November.


On a monthly basis, retail sales edged up 0.2 percent in November, reversing a 2.4 percent fall in October.




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