Singapore November retail sales fall 8.7 pct on year

0 Comment(s)Print E-mail Xinhua, January 15, 2014
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Singapore's retails sales last November fell 8.7 percent on year, mainly due to lower motor vehicles sales, the Department of Statistics said on Wednesday.

Excluding motor vehicles, retail sales went up by 0.4 percent on year.

In particular sectors, retailers of motor vehicles, telecommunications apparatus and computers reported double-digit declines in sales by 41.8 percent and 11.7 percent respectively in November.

Meanwhile, retail sales of furniture and household equipment, and watches and jewelry decreased relatively slighter by 4.4 percent and 2.8 percent on year respectively.

On the contrary, sectors which chalked up stronger annual growth in sales include optical goods and books, petrol service stations, and department stores, with annual growth rate of respective 7.2 percent, 5.5 percent and 5.2 percent.

Compared to last October, the seasonally adjusted retail sales figure increased marginally by 0.1 percent in November. Excluding motor vehicles, the growth stood at 1 percent. Endi

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