Retail sales up 2.9% in December on strong vehicles sales
Excluding motor vehicle sales, retail sales fell 3.6%, according to Department of Statistics data.
- Posted 15 Feb 2016 13:19
- Updated 15 Feb 2016 22:52
SINGAPORE: Retail sales in Singapore increased 2.9 per cent in December 2015 compared with the same period the previous year, mainly due to higher sales of motor vehicles, the Department of Statistics said on Monday (Feb 15). Excluding motor vehicles, retail sales fell 3.6 per cent compared with a year ago.
When compared with the previous month, retail sales fell 2.1 per cent in December. Excluding motor vehicles, retail sales declined 2.8 per cent, Singstat said.
The total retail sales value in December was estimated at S$4.1 billion, up from S$4 billion a year ago.
Motor vehicle sales saw an increase of 62.5 per cent in December compared with the previous year. Medical goods and toiletries recorded the next highest increase at 4.4 per cent, followed by supermarkets at 0.1 per cent.
However, all other categories recorded a drop, according to the statistics. On a year-on-year basis, telecommunications apparatus and computers recorded the highest drop of 26.4 per cent. This was followed by food and beverages with a 10 per cent decline.
Sales of food and beverage services fell 5.7 per cent from the previous year. The total sales value of food and beverage services in December was estimated at S$665 million, down from S$705 million the previous year.
The Retail Sales Index and the Food and Beverage Services Index measure the short-term performance of retail and F&B service industries based on their sales records. The sales figures exclude taxes such as GST and COE.