Lower car demand sends Singapore retail sales down 5.5% in December 2013
Published on Feb 14, 2014 1:02 PM
Lower car sales sent overall retail takings in Singapore down 5.5 per cent in December over a year ago.
Motor vehicle retailers reported a 32 per cent tumble in sales in December last year compared with the previous year, said the Department of Statistics on Friday.
If motor vehicles sales are excluded, retail sales would have gone up 0.3 per cent, the department added.
But the demand for cars appears to be picking up recently: retail sales increased 2.3 per cent in December over November, mainly due to higher motor vehicle sales, which rose 17.4 per cent in the month.
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