Singapore Markets open in 6 hrs 56 mins

Retail sales up 2.5% in September

Retailers of watches & jewellery and motor vehicles reported declines.

The Singapore Department of Statistics reported:

Compared to September 2011, retailers of telecommunications apparatus & computers and supermarkets recorded double-digit growth in sales of 15.8% and 13.8% respectively in September 2012.

Similarly, retail sales of medical goods & toiletries, recreational goods, food & beverages, petrol service stations, wearing apparel & footwear, department stores, optical goods & books, provision & sundry shops and furniture & household equipment increased between 0.5% and 7.9% over the same period.

In contrast, retailers of watches & jewellery and motor vehicles reported declines in sales of 2.8% and 2.4% respectively over the previous year.

More From Singapore Business Review