Retail sales sink 10% in February on earlier Chinese New Year

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Singapore's retail sales sink 10% in February on earlier Chinese New Year

RETAIL sales in Singapore fell 10 per cent year on year in February, reversing sharply from a 7.6 per cent growth in January, according to the latest data from the Department of Statistics on Friday.

Industries such as wearing apparel & footwear, supermarkets & hypermarkets, department stores and medical goods & toiletries all registered declines of between 10.4 per cent and 14.9 per cent.

 

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