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Singapore's retail, F&B sales dip slightly in April

Retail and food and beverage sales both dropped 0.7 per cent in April over the previous month, according to the Department of Statistics.

SINGAPORE: Retail sales fell by 0.7 per cent month-on-month on a seasonally-adjusted basis in April 2014, according to figures by the Department of Statistics on Friday (June 13).

Excluding motor vehicles, retail sales declined 1.5 per cent, it added.

The sales of watches and jewellery, recreational goods, wearing apparel and footwear, department stores and medical goods and toiletries fell between 1.5 per cent and 10.9 percent in April this year over the previous month.

Sales of motor vehicles, in particular, fell 36.1 percent year-on-year. The higher sales in April 2013 was partly due to a temporary lifting of loan restrictions on the purchase of the pre-existing stock of used cars, the Department of Statistics said. 

Bucking the downward trend, sales of telecommunications apparatus and computers, motor vehicles, optical goods and books, furniture and household equipment and F&B recorded higher sales of between 2.1 per cent and 5.7 per cent in April over the previous month, it stated.

In the F&B sales index, there was a dip seen by restaurants, food caterers and other eating places, such as cafes and canteens, of between 0.3 per cent and 1.3 per cent in receipts in April over March.

Fast food outlets saw an increase of 2.1 per cent in receipts though, it added.

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