Singapore Retail Sales Growth Hits 5-Month High

Retail sales in Singapore rose by 2.3% year-on-year in June 2025, accelerating from a downwardly revised 1.3% increase in the previous month. This marked the fourth consecutive month of growth in retail activity and the strongest since January, mainly driven by higher sales for watches and jewellery (5.5% vs -1.9% in May), motor vehicles (14.6% vs 10.4%), and furniture & household equipment (1.3% vs -1.8%). Additionally, trade declined at a slower pace in department stores (-0.2% vs -3.9%), petrol service stations (-5.9% vs -9.4%), and clothing & footwear (-2.6% vs -5.3%). Meanwhile, sales decreased further in mini marts & convenience stores (-2.6% vs -0.2%), food & alcohol (-5.2% vs -3.6%), and others (-10.2% vs -5%), while its slowed for supermarkets & hypermarkets (1.3% vs 7.3%). On a monthly basis, retail activity fell by 1.2% in June, reversing a 1% gain in the preceding period.