Financial News: Singapore Retail Sales Rise 2.3%

Singapore Retail Sales Rise 2.3%

08/05/2025 - 03:45:00 (RTTNews)

(RTTNews) - Singapore's retail sales increased for the fourth straight month in June, preliminary data from the Department of Statistics showed on Tuesday.

Retail sales rose 2.3 percent year-on-year in June, faster than the 1.3 percent gain in May.

The acceleration in growth was mainly driven by a 14.6 percent surge in sales of motor vehicles. Sales excluding motor vehicles rose 0.4 percent from last year versus a stagnant change in the prior month.

Demand for computer and telecommunications equipment alone grew 7.3 percent, and sales of recreational goods rose by 5.6 percent. Data showed that sales at supermarkets and hypermarkets grew 1.3 percent.

Meanwhile, sales at department stores fell 0.2 percent, and those at petrol service stations contracted 5.9 percent.

During June, the online sales proportion was 13.6 percent of the overall retail sales, higher than the 12.3 percent recorded a month ago.

The index for food and beverage services grew 0.1 percent year-on-year in June, following a 1.0 percent growth in the prior month.

On a monthly basis, retail sales decreased 1.2 percent in June compared to a 1.0 percent increase in May.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

German Economic Sentiment Rises In September (01 hr(s), 37 min(s), 54 sec(s) ago)
(RTTNews) - German economic confidence improved in September but financial market experts remained ...Full Story»

Hong Kong Jobless Rate Remains Stable At 3.7% (02 hr(s), 16 min(s), 54 sec(s) ago)
(RTTNews) - Hong Kong's unemployment rate increased in the June-August period, labor force sta ...Full Story»

Slovakia Inflation Eases To 4.2% (02 hr(s), 28 min(s), 54 sec(s) ago)
(RTTNews) - Slovakia's consumer price inflation eased for the first time in four months in Aug ...Full Story»

Italy Inflation Confirmed At 1.6% (03 hr(s), 44 min(s), 54 sec(s) ago)
(RTTNews) - Italy's consumer price inflation moderated slightly as initially estimated in Augu ...Full Story»

Czech Producer Prices Fall 0.8% (04 hr(s), 20 min(s), 54 sec(s) ago)
(RTTNews) - The Czech Republic's producer prices decreased for the seventh straight month in A ...Full Story»

UK Jobless Rate Stable At 4.7% (05 hr(s), 05 min(s), 54 sec(s) ago)
(RTTNews) - The UK jobless rate remained unchanged and average earnings growth slowed in the three ...Full Story»

Japan Tertiary Activity Index Rebounds 0.5% (06 hr(s), 01 min(s), 54 sec(s) ago)
(RTTNews) - Japan's tertiary activity index increased in July after falling in the previous mo ...Full Story»

European Economic News Preview: UK Unemployment Data Due (06 hr(s), 19 min(s), 54 sec(s) ago)
(RTTNews) - Unemployment from the UK and economic sentiment from Germany are due on Tuesday, headl ...Full Story»