empty
 
 

2020.06.0507:31:00UTC+00Singapore Retail Sales Decline Sharply In April

Singapore retail sales declined sharply in April as consumption decreased due to the circuit breaker measures taken to slow the spread of the coronavirus, or Covid-19, data from the Department of Statistics showed on Friday.

Retail sales declined 40.5 percent year-on-year in April, following an 13.3 percent fall in March.

Motor vehicle sales dropped 77.0 percent annually in April, following a 28.2 percent fall in the previous month.

Excluding motor vehicles, retail sales fell 32.8 percent in April, following a 9.8 percent decrease in the preceding month.

Sales of watches and jewellery declined the most, by 87.8 percent in April. Sales of wearing apparel and footwear fell 85.3 percent and sales department stores fell 84.6 percent.

On a monthly basis, retail sales fell 31.7 percent in April, following an 1.3 percent decline in the prior month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback