Singapore Retail Sales Still Dropping But Cause For Some Optimism

Singaporean retail sales slumped in July as demand for so-called 'big ticket' items, such as automotives, continued to be hit by weak consumer confidence. However, while the 9.8% year-on-year (y-o-y) drop (-10.9% at constant prices) in the retail sales index exceeded industry expectations - a Bloomberg survey had anticipated a 7.5% decline - the performance of individual retail components did provide cause for muted

To read the full article, please choose one of the following options: