March retail sales drop 3.9%
Published on May 15, 2014 3:49 PM
SINGAPORE - Retail sales for March dropped by 3.9 per cent over the same month a year ago, dragged down by poor motor vehicle sales.
Vehicle sellers saw their takings fall 19.3 per cent for the month year-on-year. Excluding this category, sales across the board dropped by only 0.4 per cent.
Data from the Singapore Department of Statistics showed total retail sales for March were worth about $3 billion, lower than the $3.2 billion recorded the same month last year.
Price gains and falls were evenly spread out amongst the categories.
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