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%.

Other top declining industries in October include Furniture & Household Equipment, which saw sales fall 10.6% y-o-y, while sales of Optical Goods & Books and Petrol Service Stations retreated 6.9% and 6.2% respectively.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook