Singapore retail sales up 2.1% in March, reversing February's fall

Pedestrians crossing at the junction of Orchard Link and Orchard Road.
Pedestrians crossing at the junction of Orchard Link and Orchard Road.ST PHOTO: LIM YAOHUI

SINGAPORE - Retail sales rose 2.1 per cent in March from a year earlier, recovering from a revised 2.6 per cent fall in February, according to data from the Department of Statistics on Friday (May 12).

Sales without motor vehicles, whose turnover rose by 6.9 per cent, were up by a smaller 0.7 per cent year-on-year.

March sales were also boosted by an 11.3 per cent year-on-year rise in takings at petrol service stations and smaller rise in other categories.

But sales dropped at food and beverage outlets, department stores, supermarkets, mini-marts & convenience stores and for computer & telecommunications equipment.

Get The Straits Times
newsletters in your inbox

Month-on-month, retail sales dropped a seasonally adjusted 0.3 per cent from February, after a revised 2.5 per cent increase in the previous month. Excluding motor vehicles, sales were down 0.2 per cent.

The total retail sales value in March was estimated at S$3.7 billion, higher than the S$3.6 billion a year ago.