Singapore's retail sales dropped by 1.9 percent year-on-year in November, after a marginally revised 8.6 percent fall a month earlier. This was the 22th straight month of decline in retail trade but the softest since July 2019, driven by food & alcohol (-37.3% vs -43.7% in October), petrol service (-12.9% vs -12.4%), cosmetics, toliletries (-27.5% vs -29.9%), wearing apparel (-22.3% vs -26.2%), watches & jewelry (-8.6% vs -24.1%), optical good & books (-8.8% vs -12.7%), others (-19.1% vs -19.8%), and department stores (-24.5% vs -35.2%). In contrast, sales grew for motor vehicles (5.2% vs 7.5%), furniture (28.5% vs 13.2%), computer & telecommunication equipment (29% vs -18.5%), and supermarkets (22.6% vs 22.5%). On a monthly basis, retail sales rose by 7.3%, the most in four months, after a 0.2% growth in October. source: Statistics Singapore

Retail Sales YoY in Singapore averaged 4.23 percent from 1986 until 2020, reaching an all time high of 50.70 percent in February of 1988 and a record low of -52 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 January of 2021.

Retail Sales YoY in Singapore is expected to be 3.00 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 5.00 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.

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Singapore Retail Sales YoY

Actual Previous Highest Lowest Dates Unit Frequency
-1.90 -8.50 50.70 -52.00 1986 - 2020 percent Monthly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-05 05:00 AM Aug -5.7% -8.5% -1.5%
2020-11-05 05:00 AM Sep -10.8% -5.4% 2.5%
2020-12-04 05:00 AM Oct -8.6% -10.7% -6.5%
2021-01-05 05:00 AM Nov -1.9% -8.5% -6.5%
2021-02-05 05:00 AM Dec -1.9%
2021-03-05 05:00 AM Jan
2021-04-05 05:00 AM Feb
2021-05-05 05:00 AM Mar


News Stream
Singapore Retail Sales Fall the Least in 16 Months
Singapore's retail sales dropped by 1.9% year-on-year in November 2020, slowing from a marginally revised 8.5% decline in October. This was the 22nd straight month of fall in retail trade, and the slowest pace since July last year, as purchases declined less for food & alcohol (-37.3% vs -43.7% in October), cosmetics, toiletries & medical goods (-27.5% vs -29.9%), footwear (-22.3% vs -26.2%), watches & jewelry (-8.6% vs -24.1%), optical goods & books (-8.8% vs -12.7%), department stores (-24.5% vs -35.2%) and others (-19.1% vs -19.8%). Meanwhile, sales of petrol service continued to drop (-12.9% vs -12.4%). By contrast, purchases grew for motor vehicles (5.2% vs 7.5%), furniture & household equipment (28.5% vs 13.2%) and recreational goods (13.1% vs 9.7%) while that of computer & telecommunications equipment rebounded sharply (29.0% vs -18.5%). On a monthly basis, retail sales rose by 7.3% in November, the most in four months, after a 0.2% growth in October.
2021-01-05
Singapore Retail Sales Fall at Softer Pace
Singapore's retail sales dropped by 8.6% year-on-year in October 2020, slowing from a marginally revised 10.7% fall in September. Still, this was the 21st straight month of fall in retail trade, as purchases declined further for food & alcohol (-44.7% vs -41.2% in September), petrol service (-12.4% vs -17.1%), cosmetics, toiletries & medical goods (-30% vs -30.2%), footwear (-26.3% vs -28.1%), watches & jewelry (-24.3% vs -15.9%), computer & telecommunications equipment (-17.2% vs -24.9%), optical goods & books (-14.7% vs -17.9%), and others (-19.9% vs -22.3%). Also, sales continued to drop in department stores (-35.2% vs -39.8%). In contrast, purchases grew for motor vehicles (7.5% vs 0.2%), furniture & household equipment (12.5% vs 11.3%) and recreational goods (9.8% vs 7.3%). On a monthly basis, retail sales rose by 0.2% in October, after a 4.2% in September.
2020-12-04
Singapore Retail Sales Drop the Most in 3 Months
Singapore's retail sales tumbled 10.8% year-on-year in September 2020, the most since June, after a downwardly revised 5.4% fall in August. Still, it was the 20th straight month of drop as purchases were further down for watches & jewelry (-15.6% vs -11.2% in August), wearing apparel (-28.4% vs -28.5%), optical goods & books (-18.3% vs -18.3%), others (-21.4% vs -18.8%), food & alcohol (-41.0% vs -41.1%), petrol service stations (-16.9% vs -18.0%), cosmetics, toiletries & medical goods (-30.0% vs -30.0%), department stores (-39.8% vs -36.5%). In addition, sales increased less for motor vehicles (0.2% vs 12.1%), furniture & household equipment (10.9% vs 20.3%) and supermarkets (17.9% vs 21.8%). Meanwhile, sales of recreational goods continued to rise (6.0% vs 2.9%). On a monthly basis, retail sales fell by 4.5%, the first monthly decline in 4 months, after an upwardly revised 1.8% growth in August.
2020-11-05
Singapore Retail Sales Drop the Least in 7 Months
Singapore's retail sales declined 5.7% year-on-year in August 2020, the least since January, after an 8.5% drop in July. Still, it was the 19th straight month of fall as purchases were further down for watches & jewelry (-12.8% vs -19.3% in July), wearing apparel (-28.6% vs -27.8%), optical goods & books (-21.1% vs -20.4%), others (-18.7% vs -16.7%), food & alcohol (-42.6% vs -43.0%), petrol service (-18.0% vs -24.1%), cosmetics, toiletries & medical goods (-29.0% vs -29.3%), department stores (-35.3% vs -33.3%). In addition, sales rebounded sharply for motor vehicles (12.1% vs -12.8%). Also, sales rose more in furniture & household equipment (18.7% vs 9.6%). Meanwhile, sales continued to rise for both supermarkets (21.9% vs 28.5%) and recreational goods (2.8% vs 3.1%). On a monthly basis, retail sales were up by 1.4%, after a downwardly revised 27.2% rise in July.
2020-10-05

Singapore Retail Sales YoY
In Singapore, the year-over-year change in Retail sales compares the aggregated sales of retail goods and services during a certain month to the same month a year ago.