Retail sales up 4.7% in November on back of strong vehicle sales
Excluding motor vehicles sales, retail sales decreased 2 per cent, according to Department of Statistics data.
- Posted 15 Jan 2016 13:00
SINGAPORE: Retail sales in Singapore increased 4.7 per cent in November 2015 compared with the same period the previous year, mainly due to higher sales in motor vehicles, the Department of Statistics said on Friday (Jan 15). Excluding motor vehicles, retail sales fell 2 per cent compared with a year ago.
When compared with the previous month, retail sales rose 1.4 per cent in November. Excluding motor vehicles, retail sales increased 1.9 per cent, Singstat said.
The total retail sales value in November was estimated at S$3.5 billion, up from S$3.3 billion a year ago.
Retailers of motor vehicles recorded a sales increase of 59.7 per cent in November compared with the previous year. Medical goods and toiletries recorded the next highest increase at 9.6 per cent, followed by department stores at 1.3 per cent.
However, all other categories recorded a drop, according to the statistics. On a year-on-year basis, petrol service stations recorded the highest drop of 15.8 per cent. This was followed by food and beverages at a 11.4 per cent decrease, and telecommunications apparatus and computers with a 8.2 per cent drop.
Sales of food and beverage services fell 4 per cent from the previous year. The total sales value of food and beverage services in November was estimated at S$628 million, down from S$654 million the previous year, it showed.
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.