Retail sales slip in March on lower demand for cars
Published on May 15, 2013 1:49 PM
Singapore's consumers bought less in March compared with the same month last year, but most of the decline was due to a drop in demand for cars.
Retail sales fell 7.4 per cent in March over a year ago, the Department of Statistics said on Wednesday.
But if cars were excluded from the numbers, sales would instead have inched up 1.2 per cent in March.
This is because the tumble in car sales masked higher purchases at other retailers, including food and beverage outlets, supermarkets and department stores, the statistics department said.
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