Financial News: Singapore Retail Sales Fall 0.4% In January

Singapore Retail Sales Fall 0.4% In January

03/05/2026 - 01:55:00 (RTTNews)

(RTTNews) - Singapore's retail sales decreased for the first time in eleven months in January, preliminary data from the Department of Statistics showed on Thursday.

Retail sales dropped 0.4 percent annually in January, reversing a revised 2.5 percent increase in December.

Sales excluding motor vehicles declined 2.8 percent versus a 1.8 percent increase in the previous month.

The contraction in retail sales was partly due to Chinese New Year occurring in February this year as opposed to January last year, the agency said.

There was a 12.9 percent plunge in sales of wearing apparel and footwear from last year. Sales at department stores grew 12.3 percent, and those at petrol service stations declined by 9.7 percent. Similarly, sales at supermarkets and hypermarkets were 9.7 percent lower.

Meanwhile, sales of recreational goods surged 19.6 percent, and those of watches and jewelry increased 15.1 percent.

The index for food and beverage services fell 3.4 percent year-on-year in January, after a 0.3 percent decrease in the prior month.

On a monthly basis, retail sales rebounded a seasonally adjusted 6.1 percent in January compared to a 2.7 percent drop in December.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Japan Core Machinery Orders Jump 13.6% In February (18 min(s), 04 sec(s) ago)
(RTTNews) - The value of core machinery orders in Japan was up a seasonally adjusted 13.6 percent ...Full Story»

South Korea Trade Data Due On Wednesday (02 hr(s), 11 min(s), 04 sec(s) ago)
(RTTNews) - South Korea will on Wednesday release March figures for imports, exports and trade bal ...Full Story»

South Korea Export Prices Surge 28.7% On Year In March (02 hr(s), 37 min(s), 04 sec(s) ago)
(RTTNews) - Export prices in South Korea were up 28.7 percent on year in March, the Bank of Korea ...Full Story»

U.S. Small Business Confidence Unexpectedly Drops Amid Rising Cost Concerns (06 hr(s), 0 min(s),04 sec(s) ago)
(RTTNews) - Small business morale in the U.S. sunk in March as the conflict in the Middle East led ...Full Story»

U.S. Small Business Confidence Unexpectedly Drops Amid Rising Cost Concerns (06 hr(s), 03 min(s), 04 sec(s) ago)
(RTTNews) - Small business morale in the U.S. sunk in March as the conflict in the Middle East led ...Full Story»

U.S. Producer Prices Increase 0.5% In March, Much Less Than Expected (10 hr(s), 0 min(s),04 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed producer prices in the U.S ...Full Story»

CORRECTION: U.S. Producer Prices Increase Much Less Than Expected In March (11 hr(s), 29 min(s), 04 sec(s) ago)
(RTTNews) - (Correction: The original article compared the data to incorrect economist estimates. ...Full Story»

U.S. Producer Prices Increase In Line With Estimates In March (11 hr(s), 38 min(s), 04 sec(s) ago)
(RTTNews) - A report released by the Labor Department on Tuesday showed producer prices in the U.S ...Full Story»