Singapore retail sales fall at steepest pace in 12 years as virus deters shoppers

04-Apr-2020 Intellasia | Reuters | 6:02 AM Print This Post

Singapore’s retail sales in February fell at the steepest pace in more than 12 years on a month-on-month basis as consumption fell across categories such as apparel and cosmetics due to the coronavirus pandemic.

On a seasonally adjusted basis retail sales declined 8.9 percent in February from the previous month, data from the Singapore Department of Statistics showed, the biggest drop since July 2007.

Retail sales fell 8.6 percent on a year-on-year basis.


Category: Singapore

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