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Singapore's December retail sales rise 6.7% y-o-y to $4.4 bil

Felicia Tan
Felicia Tan2/4/2022 01:00 PM GMT+08  • 2 min read
Singapore's December retail sales rise 6.7% y-o-y to $4.4 bil
Excluding motor vehicles, Singapore’s total retail sales value for December grew 8.6% y-o-y and 2.0% y-o-y.
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Singapore’s total retail sales value grew by 6.7% y-o-y to $4.4 billion in December 2021, due to most industries recording y-o-y growths in sales during the month.

According to data released by the Department of Statistics (SingStat) on Feb 4, online retail sales made up an estimated 14.6% of the total retail sales value during the month, mainly comprising supermarkets & hypermarkets, computer & telecommunications equipment, and furniture & household equipment.

On a seasonally adjusted month-on-month (m-o-m) basis, December’s total retail sales climbed 2.3%.

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