Generally Positive On Retail Short Term

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

Singaporean retail sales fell by 2.3% year-on-year (y-o-y) in March 2010, implying further woes for the recession-recovering economy. However, when stripped of the effect of automotive sales, the retail value index actually rose by 7.1% y-o-y. A sixth consecutive month of retail, excluding motor vehicle, growth is in keeping with our positive outlook for the Singaporean economy in 2010 and our positive short-term view for Singaporean retail which we see being supported by an improving job market and the ongoing recovery of the tourism