Singapore retail sales growth cools to 0.6% in September

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On a month on month and seasonally adjusted basis, retail sales dropped 1.6 per cent. Read more at straitstimes.com.

SINGAPORE - Takings at the till eked out growth in September, that slowed notably from August as shoppers stayed away from buying big-ticket items.

Month on month and seasonally adjusted, retail sales turned negative - dropping 1.6 per cent in September from August. Excluding auto sales, they declined 0.8 per cent. In contrast, retailers of more expensive items, namely computer and telecommunications equipment and furniture and household equipment, saw sales drop 12.7 per cent and 4.8 per cent respectively in September.

 

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