Modest rise in real Singapore retail sales
Real Singapore retail sales – the data with motor vehicles excluded – posted a modest increase in March.
According to Statistics Singapore, seasonally adjusted retail sales, excluding motor vehicles, declined 0.2 per cent from February to March, but increased 0.7 per cent year-on-year.
The value of retail sales in March was estimated at $3.7 billion, $100 million higher than in March 2016.
Compared to March 2016, retail sales by petrol service stations increased 11.3 per cent in March 2017. Retail sales of watches and jewellery, medical goods, optical goods, books, recreational goods, furniture, household equipment and wearing apparel and footwear rose between 0.5 per cent and 7.8 per cent over the same period.
On the other hand, retail sales of food retailers, computer and telecommunications equipment, by mini-marts and convenience stores, department stores and supermarkets decreased by between 2.1 per cent and 7.9 per cent.
Sales of food & beverage services (seasonally adjusted) declined 2.1 per cent month-on-month in March, and by 4.8 per cent year-on-year.
The total sales value of food and beverage services in March 2017 was estimated at $665 million, down from $698 million in March 2016.
Sales of restaurants declined 12.8 per cent year-on-year, yet turnover of fast food outlets rose 4 per cent.