January Report: Retail Sales Grew 6.5% On-Year In November 2014


Growth driven by 50.2% increase in motor vehicles sales.

On-year retail sales grew by 6.5% in November 2014, led by a 50.2% increase in sales of motor vehicles. Excluding motor vehicles, retail sales decreased by 0.4% on-year.
 
According to Department of Statistics (SingStat), the total retail sales value in November 2014 was estimated at S$3.2B, higher that the S$3.0B in November 2013.
 
The on-year changes in sales of other retail sectors are as follows:

  • medical goods and toiletries: +3.9%
  • watches and jewellery: +3.9%
  • department stores: +3.8%
  • supermarkets: 3.3%
  • food and beverages: +2.5%
  • mini-marts and convenience stores: +1.9%
  • telecommunications apparatus and computers: -1.7%
  • optical goods and books: -2.4%
  • wearing apparel and footwear: -3.4%
  • petrol service stations: -5.7%
  • recreational goods: -6%
  • furniture and household: -6.8%

Meanwhile, on-year sales of food and beverages services increased by 2.0% in November 2014.
Reproduced with authorization from Singapore Stats Board.  
 
Source:  http://www.singstat.gov.sg/docs/default-surce/default-document-library/news/press_releases/mrsnov2014.pdf