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.
(Source: The Business Times)