Singapore Retail Sales Growth at 6-Month High

Retail sales in Singapore rose by 4.5% year-on-year in July 2025, accelerating from an upwardly revised 2.4% increase in the previous month. This marked the strongest expansion in retail activity since January, mainly driven by higher sales in supermarkets & hypermarkets (9.6% vs 1.3% in June), watches and jewelry (9.6% vs 5.5%), and computer and telecommunications (11.1% vs 6.5%). Additionally, trade declined at a softer rate for food and alcohol (-2% vs -5.2%) and others (-0.3% vs -9.6%). On the other hand, activity growth moderated for motor vehicles (8.8% vs 14.6%) and furniture and household equipment (1.3% vs 1.9%), while wearing apparel and footwear (-3.1% vs -2.2%) decreased further. On a monthly basis, retail trade advanced by 4.1% in July, the highest since March 2022 and rebounding from a downwardly revised 1.1% drop in the preceding period.