Singapore’s total retail sales value fell by 3.4% y-o-y to a total value of $3.2 billion in February, making this the first contraction in six months.
Excluding motor vehicles, total retail sales fell by 1.8% y-o-y to $2.8 billion during the same month.
On a seasonally adjusted m-o-m basis, total retail sales fell 1.2% while sales fell 1.0% y-o-y sans motor vehicles.
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