Singapore. Poor results for retail in February

Featured image of the article Singapore. Poor results for retail in February
Publication

7 April 2022 à 15h09

Updated on 8 April 2022 à 12h31

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1 minute

Publication: 7 April 2022 à 15h09, Updated on 8 April 2022 à 12h31

Reading time: 1 minute

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Publication

7 April 2022 à 15h09

Updated on 8 April 2022 à 12h31

Reading time

1 minute

Publication: 7 April 2022 à 15h09, Updated on 8 April 2022 à 12h31

Reading time: 1 minute

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In February 2022, Singapore’s retail sector (excluding car sales) declined by 1.8%. In January, its sales increased by 16.1% year-on-year.

According to Statistics Singapore, this is linked to a calendar shift, as purchases for the Chinese pre-New Year happened in January this year, instead of February one year earlier. However, some categories are reporting a steady growth such as cosmetics and pharmaceuticals (up by 21% in February). On the other hand, sales of food and al

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