2025.09.0505:21:04UTC+00Singapore Retail Sales Growth at 6-Month High

In July 2025, Singapore experienced a 4.5% year-on-year increase in retail sales, an improvement over the revised 2.4% rise from June. This represents the most robust retail growth since January, primarily fueled by a significant rise in purchases at supermarkets and hypermarkets, which surged by 9.6%, compared to a 1.3% increase previously. There was also notable growth in the sales of watches and jewelry, which grew by 9.6% from 5.5%, and computer and telecommunications equipment, which climbed by 11.1% from 6.5%. Meanwhile, the decline in trade for food and alcohol eased to -2% from -5.2%, and for other goods to -0.3% from -9.6%. However, the pace of growth slowed for motor vehicles, with an increase of 8.8% down from 14.6%, and for furniture and household equipment, which grew by 1.3% from 1.9%. Sales of apparel and footwear continued to decline, worsening to -3.1% from -2.2%. On a month-to-month basis, retail trade rose by 4.1% in July, marking the most significant increase since March 2022, rebounding from a revised 1.1% decline in the previous month.