CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Singapore’s retail sales up 1.9% in September

Total receipts reached around S$3.6 billion for September, with online retail sales contributing about 4.9%

Angela Teng @AngelaTeng_IG
Financial Writer, Singapore

Publication date : 2018-11-12T06:32:54+0000

Singapore's Orchard Road

Retail sales in Singapore rose 1.9% in September on a year-on-year basis after declining for the months of July and August. The increase was helped by increased sales seen in petrol service stations, watches and jewelleries, and medical goods and toiletries.

Total receipts reached around S$3.6 billion for September, with online retail sales contributing about 4.9%. Excluding motor sales, retail sales grew by 1.8%, the Department of Statistics Singapore said on Monday.

Petrol service stations saw sales increasing by 11.4% for September due to the higher petrol prices.

Meanwhile, supermarkets and hypermarkets, mini-marts and convenience stores, computer and telecommunications equipment, as well as optical goods and books saw slower sales compared to a year ago.

Food and beverage services' receipts up 1.3%

Food and beverage services saw sales increasing by 1.3% in September from a year ago, with total receipts at around S$704 million, higher than S$695 million in September 2017.

For that month, restaurants, fast food outlets and other eateries (for example, cafes) saw increased sales compared to a year ago, up by 4.0%, 5.9%, and 0.1%, respectively. Only food caterers saw a fall in sales by 8.9%.

Compared to the previous month, seasonally-adjusted retail sales edged down 0.4%, and sales of food and beverage services was lower by 1.7%.

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