Singapore retail sales fall 52.1% in record drop in May during COVID-19 circuit breaker

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SINGAPORE: Singapore’s total retail sales fell a record 52.1 per cent on a year-on-year basis in May, while the country was still under a COVID-19 ...

SINGAPORE: Singapore’s total retail sales fell a record 52.1 per cent on a year-on-year basis in May, while the country was still under a COVID-19 “circuit breaker”, according to data released by the Department of Statistics on Friday .AdvertisementThe lower sales were"due mainly" to the circuit breaker measures that were in place for the month of May, SingStat said.Compared to the previous month, seasonally adjusted retail sales declined 21.5 per cent in May.

As physical stores were closed for the entire month, sales of watches and jewellery, department stores, and wearing apparel and footwear industries fell between 89.1 per cent and 96.9 per cent in May. Compared to the same period last year, sales of food and beverage services fell 50.1 per cent in May 2020, a slight improvement from the 52.7 per cent decline in April due mainly to the circuit breaker measures, with all food & beverage establishments only allowed to operate on a takeaway or delivery basis.

 

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