The increase was partly attributed to larger growths in the computer & telecommunications equipment, wearing apparel & footwear and cosmetics, toiletries & medical goods industries.
Singapore’s retail sales for the month of March expanded 8.7% y-o-y, reversing from the 3.5% y-o-y contraction in February.
The expansion surprised on the upside, surpassing the much slower 0.7% y-o-y estimate pencilled in by market watchers.
