Retail sales up 2% in September, mostly due to vehicle sales

Retail sales up 2% in September, mostly due to vehicle sales

Excluding motor vehicles, total retail sales were 1.9 per cent lower than September last year.

SINGAPORE: Retail sales in Singapore increased 2 per cent in September from the previous year, mostly on the back of motor vehicles sales, according to figures released by the Department of Statistics (SingStat) on Tuesday (Nov 15).

Excluding motor vehicles, total retail sales were 1.9 per cent lower than September last year.

Total retail sales declined 0.7 per cent on a month-on-month basis, but excluding motor vehicles they increased 0.7 per cent.

The total retail sales value in September was estimated at S$3.5 billion, higher than the S$3.4 billion in September last year.

Retailers of motor vehicles recorded a sales increase of 20.4 per cent from the previous year, the largest out of all the sectors. Mini-marts and convenience stores, petrol service stations, medical goods and toiletries, furniture and household equipment, and recreational goods saw more moderate growth, with sales increasing by 0.1 to 6.7 per cent.

Computer and telecommunications equipment continued to see the largest fall in sales across the sectors, dropping 9.6 per cent from the previous year. Other sectors that suffered included department stores, supermarkets, food and beverages, apparel and footwear, watches and jewellery, and optical goods and books. These saw sales lower than the previous year by 2.9 to 7.8 per cent.

Sales of food and beverage services also increased 3.5 per cent compared to the previous year and 3.6 per cent from the previous month. The total sales value in this sector was estimated at S$687 million, higher than the S$664 million in September 2015.

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.

Source: CNA/mz

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