Retail sales surge in April thanks to very strong car sales

The crowd at a Toyota showroom on May 27.
The crowd at a Toyota showroom on May 27.PHOTO: THE NEW PAPER

SINGAPORE - Retail sales enjoyed a bumper month in April but it was largely thanks to very strong car sales.

Overall retail sales jumped 3.8 per cent in April over the same month last year, powered by a 43 per cent surge in motor vehicle sales.

If car sales are stripped out, retail sales would have fallen 3 per cent year on year, the Department of Statistics said on Wednesday.

It was a similar story in March, with a 5.2 per cent jump in retail sales, driven by 41.3 per cent surge in motor vehicle sales.

The weakest performing sectors in April were telecoms apparatus and computers, where sales nosedived 17.1 per cent, and watches and jewellery, which were down 11.3 per cent.