SINGAPORE - Singapore retail sales in May suffered their fresh biggest year-on-year fall since record-keeping began in 1986 amid a second month of circuit breaker measures, but the worst may be over for retailers with the economy's phased reopening.
Month-on month and seasonally adjusted, retail turnover dropped 21.5 per cent from April. Excluding motor vehicles, sales declined 20.1 per cent. With all food & beverage establishments still only allowed to operate on a takeaway or delivery basis in May, takings in this category fell 50.1 per cent, a slight improvement from the 52.7 per cent drop in April.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus: Popularity of cycling in Singapore gathers speed during circuit breakerSINGAPORE - Like many shops in Singapore, Cycleworx saw a dip in sales revenue over the April 7-June 1 circuit breaker when most retail outlets had to be shut. But the bicycle shop has since recovered, with co-owner Kenneth Tan estimating a 50 per cent increase in sales since resuming operations on June 2.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
The Most Dramatic Celebrity Post-Circuit Breaker Hair Makeovers
Source: TODAYonline - 🏆 1. / 99 Read more »
Australia retail sales see record surge in May as economy reopensSYDNEY (REUTERS)- Australian retail sales saw a record surge in May, official data showed on Friday (July 3), as a wide scale easing in coronavirus lockdowns allowed entire sectors to reopen, enabling a recovery from an historic plunge in April.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore firms see more payment delays in Q2; retail and services post highest jumpsPAYMENT delays among firms in Singapore have risen for another quarter, with retail and services posting the highest jumps out of all sectors, amid the economy's coronavirus-induced partial lockdown. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Singapore property investment sales fall 45% in first half of 2020: ReportSINGAPORE - Property investment sales in Singapore slumped in the first half of this year amid the coronavirus pandemic, though the market showed signs of stabilising in the second quarter, a report from Cushman & Wakefield on Thursday (July 2) showed.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Singapore property investment sales down 45% in H1: Cushman & WakefieldSINGAPORE'S property investment volume fell 45 per cent to S$6.13 billion in the first half of the year, according to preliminary data from Cushman & Wakefield on Thursday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »