Singapore retail sales up 7.5% in October on mobile phone sales

SINGAPORE: Singapore's October retail sales rose 7.5 per cent year-on-year as customers snapped up more mobile telephones following new product launches.October's enlargement was larger than the 6.8 per cent recorded in September, based on knowledge launched by the Department of Statistics Singapore (SingStat) on Friday (Dec 3).It is the second consecutive month of retail sales progress. Excluding motor automobiles, retail sales had been additionally up 11.4 per cent.Total retail sales worth got here in at S$3.6 billion however this remained under pre-pandemic ranges, stated SingStat. Online sales made up 15.2 per cent of the overall.On a seasonally adjusted month-on-month foundation, retail sales grew 0.7 per cent in October in comparison with September. Growth rose to 2.3 per cent when motor automobiles had been excluded.

RETAIL SALES BY INDUSTRY

Most industries in the retail sector noticed sales improve year-on-year, with purchases of laptop and telecommunications gear surging 72.9 per cent as a result of new product launches.Watches and jewelry, petrol service stations, and supermarkets and hypermarkets additionally recorded double-digit will increase of 26.9 per cent, 16.3 per cent and 10.4 per cent respectively.Sales additionally grew in the meals and alcohol, cosmetics, toiletries and medical items, carrying attire and footwear, and furnishings and family gear industries.In distinction, sales fell for department shops, leisure items, optical items and books, motor automobiles, and minimarts and comfort shops.On a seasonally adjusted month-on-month foundation, sales in most industries grew, with laptop and telecommunications gear topping the listing at 4.1 per cent.