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Home / News / Singapore Economy

Singapore retail trade records 4.3% drop in October on slowing motor vehicle sales

Singapore economy

Singapore retail trade records 4.3% drop in October on slowing motor vehicle sales

Stanislaus Jude Chan Published on Mon, Dec 16, 2019 / 2:40 PM GMT+8

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SINGAPORE (Dec 16): Singapore’s total retail sales value fell 4.3% year-on-year to $3.6 billion in October, led by a decline in motor vehicles retail sales, according to latest data by the Singapore Department of Statistics (DOS).

Motor vehicles retail sales dropped 22.7% y-o-y, due to lower COE quota for the period of August to October 2019. Excluding motor vehicles, retail sales declined 0.6%.

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