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Decline in Singapore's retail sales deepens in September on lower mobile phone sales

Amala Balakrishner
Amala Balakrishner • 3 min read
Decline in Singapore's retail sales deepens in September on lower mobile phone sales
The decline in retail sales worsened in September, reversing from the lower declines seen in the previous months.
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Singapore’s retail sales activity remained in the red in September, widening from the contractions registered in the previous months.

The total retail sales value plunged 10.8% year-on-year in September, making this the metric’s seventh consecutive month of decline. It is also a larger fall from the 5.7% contraction registered in August, data released by the Department of Statistics (Singstat) on Nov 5 revealed.

The poorer poor performance comes from poorer sales of mobile phones compared to the high base in September 2019 when there were new mobile phone launches, Singstat notes.

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