Singapore's retail sales increased 8.7 per cent year-on-year in March, reversing the previous month's revised 3.5 per cent decline.
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The increase was partly attributed to larger growth in industries such as computer and telecommunications equipment, wearing apparel and footwear and cosmetics, toiletries and medical goods, according to data released by the Singapore Department of Statistics (SingStat) on Thursday (May 5).
Excluding motor vehicles, retail sales rose 13.4 per cent in March, compared to the adjusted 1.9 per cent decline in February.
The estimated total retail sales value came in at S$3.9 billion, of which online retail sales made up an estimated 14.9 per cent. This was higher than the 13.5 per cent recorded in February.
On a seasonally adjusted month-on-month basis, retail sales increased 7.5 per cent. Sales also increased 8.3 per cent when motor vehicles were excluded.
