Singapore's retail sales fall 1.8 pct year-on-year in April

2019-06-12 13:55

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SINGAPORE, June 12 (Xinhua) -- Singapore's retail sales decreased 1.8 percent year-on-year in April, compared to a recalculated 0.9 percent decrease in March, the Department of Statistics of Singapore announced on Wednesday.

The retail sales increased 0.5 percent month-on-month on a seasonally adjusted basis in April, compared to a 1.1 percent increase in the previous month.

The authority said excluding motor vehicles, the retail sales in April fell 2 percent year-on-year and 0.1 percent month-on-month. It added that the estimated total retail sales value in April was about 3.5 billion Singapore dollars (about 2.56 billion U.S. dollars). Of which, online retail sales made up an estimated 5.4 percent.

According to the authority, most retail industries recorded lower sales in April on a year-on-year basis.

The computer and telecommunications equipment industry and the furniture and household equipment industry registered declines in sales of 6.7 percent and 6.5 percent respectively, due partly to lower sales of mobile phones and furniture.

Meanwhile, the sales of wearing apparel and footwear grew 3.4 percent, due partly to higher demand for bags and footwear.

In April, the sales of food and beverage services increased 3.1 percent year-on-year and 0.4 percent month-on-month. The sales value was estimated at 826 million Singapore dollars (about 605.09 million U.S. dollars).
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