Financial News: Singapore Retail Sales Fall In February

Singapore Retail Sales Fall In February

04/04/2025 - 01:58:00 (RTTNews)

(RTTNews) - Singapore retail sales declined in February largely due to the timing of Chinese New Year, data from the Department of Statistics showed Friday.

Retail sales dropped 3.6 percent on a yearly basis in February, in contrast to the revised 4.7 percent rise in January.

The decline in retail sales was partly due to Chinese New Year being celebrated in February last year, as opposed to January this year.

During the January to February period, retail sales grew by 0.8 percent from the same period last year.

Excluding motor vehicle sales, retail sales plunged 6.7 percent in March following a 5.1 percent rise in the prior month.

Sales of food and beverage services decreased 5.6 percent, reversing the 10.3 percent growth in January.

The wearing apparel & footwear industry recorded an annual decline in sales of 18.4 percent, which was mainly due to lower sales of wearing apparel. Likewise, sales of department stores and supermarkets & hypermarkets decreased 14.6 percent and 13.3 percent, respectively.

Month-on-month, retail sales growth improved to 3.0 percent in February from 2.8 percent in January.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Taiwan Trade Surplus Shrinks In March (08 min(s), 33 sec(s) ago)
(RTTNews) - Taiwan's foreign trade surplus decreased in March as imports grew much faster than ...Full Story»

Turkey Industrial Production Contracts 1.9% (46 min(s), 33 sec(s) ago)
(RTTNews) - Turkey's industrial production declined for the first time in four months in Febru ...Full Story»

Norway Inflation Eases To 2.6% (01 hr(s), 03 min(s), 33 sec(s) ago)
(RTTNews) - Norway's consumer price inflation eased in March from a 10-month high in the previ ...Full Story»

Swedish GDP, Industrial Output Contracts In February (02 hr(s), 24 min(s), 33 sec(s) ago)
(RTTNews) - Swedish economy and industrial production shrank for the second straight month in Fe ...Full Story»

UK Housing Market Conditions Weaken On Challenging Macroeconomic Factors (02 hr(s), 22 min(s), 33 sec(s) ago)
(RTTNews) - The UK housing market conditions weakened in March as demand faded following the end o ...Full Story»

Japan Producer Price Inflation Rises To 4.2% (03 hr(s), 03 min(s), 33 sec(s) ago)
(RTTNews) - Japan's producer prices rose at a faster pace in March, data from the Bank of Japa ...Full Story»

Finland Industrial Production Falls 2.4% (03 hr(s), 20 min(s), 33 sec(s) ago)
(RTTNews) - Finland's industrial production declined for the second straight month in February ...Full Story»

Dutch Industrial Output Grows 1.0% (03 hr(s), 38 min(s), 33 sec(s) ago)
(RTTNews) - The Netherlands' industrial output expanded for the second straight month in Febru ...Full Story»