Retail Sales in Singapore

Singapore Retail Sales | Economic News & Forecasts

Singapore - Retail Sales

Early indicators suggest growth has remained soft in Q2 after recording the worst year-on-year outturn in nearly a decade. In April, the SIPMM manufacturing PMI marked the lowest point since 2016 and non-oil domestic exports shrank owing to a fall in electronics exports. Nevertheless, growth should accelerate throughout the remainder of Q2: A tight labor market and low inflation will stoke private spending, while stronger non-residential construction activity and a recovery in business loans should also boost domestic demand. In other news, the Central Bank (MAS) agreed to transfer SGD 45 billion (USD 33 billion) of its required reserves to public coffers managed by the state-owned investment firm GIC, in order to improve long-term returns. Moreover, the MAS will begin disclosing FX interventions in July 2020, which will ensure clarity over the direction of monetary policy.

Singapore - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)-4.3  0.3  4.6  1.4  1.3  

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Singapore Retail Sales Chart

Singapore Retail
Note: Annual variation of real retail sales in %.
Source: Singapore Ministry of Trade and Industry and Met the why particular calculations.

Singapore Facts

Bond Yield1.961.39 %Jun 13
Exchange Rate1.37-0.01 %Jun 13
Stock Market3,2210.18 %Jun 13

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