Retail in Asia

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Singapore retail sales up 3pc in February

Retail sales increased 3 percent in February 2014 compared to the previous month, Statistics Singapore reported recently. However, excluding motor vehicles, retail sales increased only 1 percent.

Compared to February 2013, however, retail sales declined 9.5 percent in February 2014. Statistics Singapore said this was partly due to the Chinese New Year falling in the month of February in 2013 but in ended January this year. Excluding motor vehicles, retail sales fell 9.2 percent.

Sales of food and beverage services also decreased 3.5 percent in February 2014 compared to the previous month. But compared to February 2013, sales of food and beverage services rose 0.4 percent in February this year.