Singapore’s retail sales slid for yet another month in October, albeit at a smaller pace than the month before.

The total sales value was down 8.6% year-on-year in October, making this the metric’s eighth consecutive month in the red. Still, this is an improvement from September’s revised figure of a 10.7% fall, data released by the Department of Statistics (Singstat) on Dec 4 revealed.

The pattern of declines in October was similar to that in previous months, with sectors such as food and alcohol (-44.7%), department stores (-35.2%) and cosmetics, toiletries and medical goods (-30%), taking the worst hit on a year-on-year basis.

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