15 Feb '11, 6am

DTN Singapore: Retail sales up 2.7% in Dec: SINGAPORE: Retail sales in Singapore rose a seasonally adjusted 2.7

DTN Singapore: Retail sales up 2.7% in Dec: SINGAPORE: Retail sales in Singapore rose a seasonally adjusted 2.7

SINGAPORE: Retail sales in Singapore rose a seasonally adjusted 2.7 per cent in December from the previous month. The Department of Statistics said that excluding motor vehicles, retail sales went up by 2.2 per cent from November. Sales of motor vehicles inched up by 0.5 per cent. Retail sales of recreational goods, optical goods and books, provision shops, apparel and footwear retailers, and petrol service stations increased between 4.6 per cent and 9.2 per cent from the previous month. Meanwhile, furniture and household-equipment shops, telecommunications equipment as well as food and beverages retailers also reported higher sales of between 2.3 per cent and 3.3 per cent in December. Retailers of departmental stores saw sales declined 2.9 per cent in December, while supermarkets saw sales dipped 0.7 per cent in the same period. Meanwhile, catering trade rose 0.6 per cent...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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