Singapore retail sales resume growth in May-Xinhua

Singapore retail sales resume growth in May

Source: Xinhua

Editor: huaxia

2024-07-05 15:24:00

SINGAPORE, July 5 (Xinhua) -- Retail sales in Singapore increased 2.2 percent year-on-year in May, compared to a 1.2 percent decline in April, according to data released by the Department of Statistics on Friday.

The motor vehicle sales grew 19.5 percent in May from a year earlier but dropped 3.2 percent month-on-month. Excluding motor vehicles, retail sales registered flat growth from last year.

The estimated retail sales value in May was 4.1 billion Singapore dollars (3 billion U.S. dollars), including 11.5 percent from the online market.