SINGAPORE (XINHUA) – Retail sales in Singapore increased 2.2 per cent year-on-year in May, compared to a 1.2 per cent decline in April, according to data released by the Department of Statistics yesterday. The motor vehicle sales grew 19.5 per cent in May from a year earlier but dropped 3.2 per cent month-on-month. Excluding motor vehicles, retail sales registered flat growth from last year.
The estimated retail sales value in May was SGD4.1 billion, including 11.5 per cent from the online market.
