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Singapore’s retail sales continue to drop

Retail sales in Singapore fell by 10.8 percent year-on-year in September, a steeper decline compared to the 5.4 percent drop in August, according to the country's Department of Statistics (SingStat).
Singapore’s retail sales continue to drop ảnh 1Illustrative image (Photo: Straitstimes)

Singapore (VNA) - Retail sales inSingapore fell by 10.8 percent year-on-year in September, a steeper declinecompared to the 5.4 percent drop in August, according to the country's Department ofStatistics (SingStat).

The estimated totalvalue of retail sales in September was 3.2 billion SGD (2.36 billion USD),of which online retail sales made up about 11.2 percent.

The larger declineduring the month was mainly attributed to the computer and telecom equipment industry, which recorded lower sales of mobile phones comparedto the high base in September last year when there were new phone launches,said SingStat. 

Most retail industriescontinued to register year-on-year decline in sales. Food and alcoholicbeverages; department stores; cosmetics, toiletries and medical goods reported decrease in sales of 41 percent, 39.8 percent and 30 percent, respectively./.

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