Singapore’s total retail sales value surged 54% y-o-y to $3.3 billion in April according to data from the Department of Statistics (SingStat) reported on June 4. 

The jump in retail sales follows a low base from the previous year when Circuit Breaker measures were in place due to Covid-19.

However, retail sales continue to be below pre-Covid levels, with a m-o-m decline of 1.3% on a seasonally adjusted basis.

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)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook