On a seasonally adjusted month-on-month (m-o-m) basis, November’s retail sales logged a 2.5% increase.
Singapore’s total retail sales value increased 1.9% y-o-y to $3.7 billion in November 2021, surpassing market estimates of 0.7%.
According to data released by the Department of Statistics (SingStat) on Jan 5, the figure marks the third consecutive month of increase for retail sales on a y-o-y basis.
