Retail sales index in October slightly up by 0.7%

Sales for non-necessity items dropped.

According to Colliers International, Singapore’s retail sales index (excluding motor vehicles) only rose by a very slight 0.7% year-on-year (YoY) in October 2012. For items that were not necessities, declines over the previous year were registered in October.

Here's more from Colliers International:

Sales of optical goods and books dropped by 3.6% YoY. At the same time, sales receipts at department stores, watches and jewellery, recreational goods, and wearing apparel & footwear fell by between 0.4% and 2.7% YoY.

This consumer spending restraint was also evidenced among tourists, as the 7.0% YoY growth in tourist receipts from January to June 2012 to some $11.5 billion, visibly lagged behind the 11.4% increase in tourist arrivals during the same period.

Hence, notwithstanding the buoyant leasing activity, subdued consumer sentiment tempered retailers’ confidence causing rents to slip in 4Q 2012. Monthly prime ground floor gross rents in Orchard Road as of the end of December fell by 0.9% from the previous quarter to $37.25 per sq ft. In the Regional Centres, the average monthly gross rent of prime space decreased to $33.42 per sq ft, after dropping by 0.2% from the previous quarter.



More From Singapore Business Review
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2527-0.0002-0.01%
    USDSGD=X
    1.7300-0.0007-0.04%
    EURSGD=X
    2.1033-0.0008-0.04%
    GBPSGD=X
    81.7515+0.0188+0.02%
    SGDJPY=X
    6.1904+0.001+0.02%
    SGDHKD=X
    2.5849+0.0004+0.02%
    SGDMYR=X
    9,116.6738-34.5449-0.38%
    SGDIDR=X
    4.9691+0.0049+0.10%
    SGDCNY=X
    1.1687+0.0002+0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,294.60-8.90-0.68%
    GCM14.CMX
    19.67+0.01+0.05%
    SIN14.CMX
    90.18-0.65-0.72%
    ^XAU
    3.04+0.02+0.51%
    HGK14.CMX
    104.59+0.83+0.80%
    CLK14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.73+0.08
    ^FVX
    2.72+0.08
    ^TNX
    3.52+0.06
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.115-0.002-1.71%
    B22.SI
    0.48+0.020+4.35%
    5GJ.SI
    2.27+0.090+4.13%
    5ME.SI
    2.190.0000.00%
    JS8.SI
    0.61+0.005+0.83%
    E5H.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.162+0.034+26.56%
    5GF.SI
    0.20+0.034+20.48%
    5WD.SI
    0.59+0.050+9.26%
    L5I.SI
    0.28+0.020+7.69%
    C33.SI
    0.215+0.015+7.50%
    5UE.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.103-0.010-8.85%
    5OS.SI
    0.112-0.008-6.67%
    5RC.SI
    0.355-0.025-6.58%
    KJ9.SI
    0.215-0.015-6.52%
    F9M.SI
    0.29-0.020-6.45%
    5PC.SI