Retail sales dip slightly in December
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Inside The Shoppes at Marina Bay Sands. Singapore's consumers cut back on spending in December last year, causing retail sales to fall 0.9 per cent from November. -- ST PHOTO: DESMOND LIM
Singapore's consumers cut back on spending in December last year, causing retail sales to fall 0.9 per cent from November.
Compared to a year ago, sales in December also registered a drop of 1.5 per cent, said the Singapore Department of Statistics.
The biggest drop in retail spending was in the area of computers and telecommunications gadgets, which saw a 12.1 per cent drop in December both in month-on-month terms and on a year-on-year basis.
