Singapore retail sales fall 2.5% in February

People walking along Orchard Road. PHOTO: ST FILE

SINGAPORE - Singapore's retail sales in February reversed course after a modest rise the previous month as department stores, supermarkets as well as food and beverage outlets saw less business post-Chinese New Year.

Total retail sales fell 2.5 per cent from a year earlier, after increasing by a revised 2.3 per cent in the previous month, according to data from the Singapore Department of Statistics released on Wednesday (April 12).

Excluding motor vehicles sales which rose 9.4 per cent year on year, takings at the till fell by a heftier 4.9 per cent.

Compared to the previous month and seasonally adjusted, retail sales rose 2.3 per cent in February. Without auto sales, they edged up 0.4 per cent.

Food & beverage sales saw the biggest year on year fall in sales in February of 17.4 per cent. Double-digit percentage declines in sales were seen by supermarkets (15.4 per cent), department stores (15 per cent) and clothes & shoe shops (12.5 per cent).

Retail sales of petrol service stations rose 14.6 per cent in February - the only double-digit percentage increase.

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