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Financial News: Singapore Retail Sales Fall In April

Singapore Retail Sales Fall In April

06/12/2018 - 01:47:00 (RTTNews)

(RTTNews) - Singapore's retail sales decreased at the start of the second quarter, though slightly, figures from the Department of Statistics showed Tuesday.

Retail sales dropped a seasonally adjusted 0.2 percent month-on-month in April, reversing a 2.7 percent rise in March.

Sales at department stores fell 8.7 percent over the month and sales of furniture and household equipment slid by 5.6 percent.

Meanwhile, sales of motor vehicles alone grew 7.5 percent. Excluding the same, total retail sales declined 1.7 percent.

On an annual basis, retail sales rebounded 0.4 percent in April, following a 1.1 percent fall in the previous month.

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