Singapore retail sales fall 27.8% in June amid Phase 2 of post-circuit breaker reopening

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SINGAPORE: Retail sales in Singapore fell at a slower pace of 27.8 per cent year-on-year in June as the country exited its COVID-19 'circuit ...

SINGAPORE: Retail sales in Singapore fell at a slower pace of 27.8 per cent year-on-year in June as the country exited its COVID-19 "circuit breaker" period and retail outlets resumed operations under Phase 2 of the city's reopening.in May, when physical stores were closed for the entire month, said the Department of Statistics on Wednesday .Excluding motor vehicles, retail sales fell 24.2 per cent year-on-year, figures released by SingStat showed.

The estimated total retail sales value in June was about S$2.6 billion, with online retail sales making up an estimated 18.1 per cent. On a seasonally adjusted basis, sales of F&B services increased 18.9 per cent in June over the previous month. The total sales value of F&B services in June was estimated at S$496 million, with online F&B sales making up an estimated 32.7 per cent, added SingStat.

 

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