Retail Sales in Singapore decreased 1.30 percent in August of 2019 over the previous month. Retail Sales MoM in Singapore averaged 0.42 percent from 1985 until 2019, reaching an all time high of 32.60 percent in April of 1998 and a record low of -31.20 percent in April of 1994.
Retail Sales MoM in Singapore is expected to be -1.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales MoM in Singapore to stand at 2.20 in 12 months time. In the long-term, the Singapore Retail Sales MoM is projected to trend around -0.50 percent in 2020, according to our econometric models.