Singapore's retail sales jumped 5.2 percent year-on-year in February 2021, ending a 24-month period of decline, due to the Chinese New Year celebrations. There were increases in sales of wearing apparel & footwear (31.6 percent vs -28.4 percent in January); watches & jewelry (34.1 percent vs -8.1 percent); petrol service stations (0.8 percent vs -7.3 percent); supermarkets & hypermarkets (13.6 percent vs 7.3 percent); recreational goods (13.9 percent vs 7.3 percent); mini-marts & convenience stores (1.0 percent vs -3.8 percent); furniture & household equipment (11.4 percent vs 28.9 percent); and computer & telecommunication equipment (12.8 percent vs 24.4 percent). On a seasonally adjusted monthly basis, retail sales fell by 1.6% in February, after decreasing by 1.7 percent in January. source: Statistics Singapore
Retail Sales YoY in Singapore averaged 4.19 percent from 1986 until 2021, reaching an all time high of 50.70 percent in February of 1988 and a record low of -51.60 percent in May of 2020. This page provides the latest reported value for - Singapore Retail Sales YoY - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Singapore Retail Sales YoY - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Retail Sales YoY in Singapore is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Retail Sales YoY in Singapore to stand at 2.00 in 12 months time. In the long-term, the Singapore Retail Sales YoY is projected to trend around 3.00 percent in 2022, according to our econometric models.