Singapore retail sales up 12.1% in April with boost from tourism & More News Here

TOURISM BOOST

Most industries throughout the retail commerce sector noticed a year-on-year improve in sales in April.

“The wearing apparel and footwear industry recorded a year-on-year increase of 46.6 per cent due to higher demand for bags and footwear, partly boosted by higher tourist spending with the easing of border restrictions,” SingStat stated.

“Similarly, sales of food and alcohol, department stores and watches and jewellery increased between 28.4 per cent and 35.6 per cent.”

Sales of motor automobiles declined by 16.4 per cent, nonetheless, whereas sales in the mini-marts and comfort shops business fell by 5.5 per cent.

On a seasonally adjusted month-on-month foundation, half of Singapore’s industries recorded development in sales in April.

The greatest will increase have been in sporting attire and footwear with 17.4 per cent, meals and alcohol with 14.2 per cent and malls with 13.2 per cent.

The greatest declines have been in cosmetics, toiletries and medical items with a drop of seven.5 per cent, and supermarkets and hypermarkets with a lower of 6.3 per cent.

Singapore retail sales up 12.1% in April with boost from tourism & More Latest News Update

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