WS News
07 Sep 2026, 05:49
Singapore Retail Sales Growth Slows to 1.5% in July
Singapore’s retail sales continued to expand in July, although annual growth slowed considerably from the previous month.
Retail sales increased 1.5% year over year in July, down from a 4.0% increase previously, pointing to a moderation in consumer spending growth.
On a monthly basis, retail sales rose 0.9%, matching the previous month’s increase.
The figures suggest Singapore’s retail sector maintained positive momentum in July, but the slowdown in year-over-year growth indicates consumer demand expanded at a more moderate pace compared with the previous period.
Singapore’s retail sales continued to expand in July, although annual growth slowed considerably from the previous month.
Retail sales increased 1.5% year over year in July, down from a 4.0% increase previously, pointing to a moderation in consumer spending growth.
On a monthly basis, retail sales rose 0.9%, matching the previous month’s increase.
The figures suggest Singapore’s retail sector maintained positive momentum in July, but the slowdown in year-over-year growth indicates consumer demand expanded at a more moderate pace compared with the previous period.
