Retail in Asia

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Singapore retail sales up 5.2pc in July on surge in car sales

Helped again by a massive increase in motor vehicle sales, Singapore’s retail sales rose 5.2 percent year-on-year in July, according to data released by the Department of Statistics on Tuesday.

Excluding the exuberant 40.6 percent rise in car sales, retail sales would have increased by a marginal 0.8 percent.

Total retail sales value in July was estimated at SGD3.5 billion (USD2.5b) – higher than July 2014’s SGD3.3 billion.