RTTNews - Wednesday, a report by Singapore's Department of Statistics said the retail sales at current prices climbed a seasonally adjusted 0.8% month-on-month in May, after falling 3% in the preceding month. Economists expected sales to grow 0.4%.
Excluding motor vehicles, retail sales dropped 0.3% in May, reversing a 1.3% growth in the preceding month.
Year-on-year, retail sales slipped 10.3% in May, slower than a 11.4% drop in the preceding month. Economists expected a fall of 10.6%. Excluding motor vehicles, sales were down 4.6% compared to a 3.5% fall in April.
Meanwhile, the catering trade index at current prices declined 3.5% month-on-month, and was down 5.7% on a yearly basis in May.
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