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Singapore retail sales rise

The early timing of Lunar New Year has given Singapore retail sales a boost.

Including or excluding motor vehicles, total Singapore retail sales rose 2 per cent in January. However, month-on-month they declined 1.3 per cent on December (excluding cars), reflecting the absence of Christmas trading.

SG retail

Data from Statistics Singapore shows total retail sales in January were estimated at $4.1 billion, $100 million higher than in January 2016.

After seasonal adjustment, month-on-month retail sales of food & beverages declined 21.5 per cent in January and sales through mini-marts & convenience stores, furniture & household equipment, wearing apparel & footwear, recreational goods, medical goods & toiletries and department stores fell between 0.9 per cent and 9.2 per cent.

On the other hand, retail sales of computer & telecommunications equipment, optical goods & books, supermarkets and watches & jewellery rose between 0.6 per cent and 8 per cent in January.

Compared to January 2016, retail sales of supermarkets and food & beverages rose 13 per cent and 12 per cent respectively in January. Likewise, retail sales of petrol service stations, medical goods & toiletries, watches & jewellery, wearing apparel & footwear, department stores and computer & telecommunications equipment increased by between 1.2 per cent and 7.1 per cent.

Conversely, retail sales of furniture & household equipment, optical goods & books, mini-marts & convenience stores and recreational goods decreased between 2.5 per cent and 9.7 per cent.

Sales of food & beverage services

 SG F&B sales Jan.

Sales of food & beverage services (seasonally adjusted) increased 5.2 per cent in January 2017 over the previous month.

Compared to the same period last year, sales of food & beverage services rose 3.5 per cent in January 2017.

The total sales value of food & beverage services in January 2017 was estimated at $739 million, higher than the $714 million in January 2016.

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