The economy of Singapore released today data on the retail sales during the month of January, where the actual reading of retail sales excluding auto showed a value of 15.6% compared to the previous reading of 8.6% revised to be 8.9% forecasted to be 12.0%.

As for the annual retail sales the actual reading came at 2.9% compared to the previous reading of 1.8% revised to be 3.2%, forecasted to be 1.0%. The actual reading of the monthly retail sales came at -2.9% compared to the previous reading of 2.7% revised to be 3.2% forecasted to be 0.3%.