SINGAPORE - Takings at the till sank in February, with the coronavirus outbreak causing the steepest month-on-month fall in 12 years, according to figures released by the Department of Statistics on Friday .
Travel bans came into force in February, with tourism-related sectors starting to be hit hard by the fall in Chinese visitors, while retailers saw thinning crowds due to Singapore raising its alert level from Dorscon yellow to orange that month. Department stores recorded falling takings of 36.3 per cent, while the sellers of watches and jewellery also saw sales fall by 23.8 per cent.
Furniture and household equipment sales also edged up, by 5.9 per cent, while petrol service stations recorded increasing sales of 3.9 per cent. Online sales continued to surge as consumers tried to stay home. The estimated total retail sales value in February was about $3.1 billion. Of these, online retail sales made up an estimated 7.4 per cent, up from 5.8 per cent in January.
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