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13 March, 2018 00:00 00 AM
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Singaporean retail sales decline 8.4pc year-on-year in Jan

Xinhua

Singapore’s retail sales went down 8.4 per cent year-on-year in the first month of 2018, comparing to a re-calculated 6.3-per cent rise last December, the Department of Statistics of Singapore said yesterday, reports Xinhua from Singapore.

The retail sales dropped 5.4 per cent month-on-month on a seasonally adjusted basis in January, comparing to a 0.6-percent month-on-month growth in the previous month.

The authority attributed January’s month-on-month decrease to the large decline in motor vehicle sales. Excluding motor vehicles, retail sales declined by a smaller 1.5 per cent month-on-month, it said.

According to the department, the total retail sales value in January was estimated at 3.9 billion Singapore dollars (about 2.97 billion US dollars). The estimated proportion of online retail sales  to total retail sales is around 4.1 per cent.

Meanwhile, the sales of food and beverage services decreased 4 per cent month-on-month and 13.2 percent year-on-year in January.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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