Home News Singapore economy

Singapore's March retail sales surprises on upside with 8.7% y-o-y growth

Felicia Tan
Felicia Tan5/5/2022 11:23 PM GMT+08  • 3 min read
Singapore's March retail sales surprises on upside with 8.7% y-o-y growth
UOB economist Barnabas Gan is estimating that Singapore’s retail sales will expand by another 6.0% in 2022. Photo: The Edge Singapore
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Singapore’s retail sales for the month of March expanded 8.7% y-o-y, reversing from the 3.5% y-o-y contraction in February.

The expansion surprised on the upside, surpassing the much slower 0.7% y-o-y estimate pencilled in by market watchers.

The increase was partly attributed to larger growths in the computer & telecommunications equipment, wearing apparel & footwear and cosmetics, toiletries & medical goods industries.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now