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S'pore retail sales dip 4% on-month in March

Retail sales decreased 4 per cent on a seasonally-adjusted basis in March over the previous month, a report by the Department of Statistics showed on Thursday.

SINGAPORE: Retail sales decreased 4 per cent on a seasonally-adjusted basis in March over the previous month, a report by the Department of Statistics showed on Thursday.

Excluding motor vehicles, retail sales declined 1 per cent.

Retail sales decreased 3.9 per cent in March compared to the same month last year. Excluding motor vehicles, retail sales fell 0.4 per cent.

The total retail sales value in March was estimated at S$3 billion, lower than the S$3.2 billion in March 2013.

Seasonally-adjusted sales of food and beverage services increased 0.7 per cent in March compared to the previous month.

Sales of food & beverage services rose 0.6 per cent in March compared to the same month last year.

Total sales value of food & beverage services in March was estimated at S$645 million, slightly higher than the S$642 million in March 2013.

After seasonal adjustment, retailers of motor vehicles recorded a decline of 19.1 per cent in retail sales in March over February.

Similarly, retail sales of watches and jewellery, furniture and household equipment, optical goods and books and medical goods and toiletries decreased between 1.7 per cent and 9 per cent in March compared to the previous month.

Department stores registered a marginal decline of 0.2 per cent in sales as well.

On the other hand, supermarkets recorded a sales increase of 21.8 per cent in March over February.

Retailers of food and beverages, recreational goods, petrol service stations and provision and sundry shops recorded higher sales of 1.4 per cent to 6 per cent, while retail sales of apparel and footwear went up marginally by 0.1 per cent.

Retail sales of telecommunications apparatus and computers remained unchanged in March compared to the previous month.

Compared to March 2013, retailers of motor vehicles recorded a decrease of 19.3 per cent in sales in March.

Retail sales of optical goods and books, recreational goods, furniture and household equipment, watches and jewellery, provision and sundry shops and apparel and footwear also declined between 1 per cent and 4.8 per cent.

In contrast, retail sales of medical goods and toiletries, department stores, telecommunications apparatus and computers, petrol service stations and supermarkets increased between 1.6 per cent and 4.7 per cent in March, over March 2013.

Retailers of food and beverages also registered a slight growth of 0.4 per cent in sales during this period.  

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