Singapore retail sales up 0.4% in June over previous year
Published on Aug 15, 2014 1:01 PM
SINGAPORE - A jump in car sales in June lifted total retail sales here by 0.4 per cent over the year before, the Department of Statistics said on Friday.
Motor vehicle sellers saw a 12.4 per cent rise in their June takings over last year, as new quota rules helped dampen certificate of entitlement (COE) premiums.
Excluding motor vehicles, retailers' sales would have fallen 2.1 per cent in June from the previous year, the department said.
Sales were dragged down by lower demand for a variety of products including recreational goods, watches and jewellery, and telecommunications apparatus and computers.
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