Dismal November for most retailers as cars again rescue retail sales

Potential buyers looking at cars at the Honda showroom at Alexandra Road.
Potential buyers looking at cars at the Honda showroom at Alexandra Road.ST PHOTO: KELVIN LIM

SINGAPORE - Retailers in Singapore saw little year-end cheer in November.

Retail sales rose 4.7 per cent in November from a year ago, but without the boost from car sales, they were down 2 per cent, figures from Singapore Department of Statistics showed on Friday (Jan 15).

Vehicle sales also seem to be cooling. They jumped 59.7 per cent year-on-year in November, but this was a deceleration from the 61.8 per cent spike in October. Month-on-month, vehicle sales declined 0.6 per cent, from the 7.9 per cent increase in October.

On a month-on-month basis and seasonally adjusted, November retail sales edged up 1.4 per cent over October. Excluding motor vehicles, they rose 1.9 per cent.

Besides cars, only medical goods & toiletries (+9.6 per cent) and and department stores (+1.3 per cent) saw year-on-year increases in sales.