Singapore March retail sales fall 1.5 pct from year earlier

Singapore’s retail sales in March fell from a year earlier, as sales of motor vehicles as well as computer and telecommunications equipment dropped, data showed on Friday.

Reuters

Total retail sales fell 1.5 percent from a year earlier, after rising 8.6 percent in the previous month, according to data from the Singapore Department of Statistics.

Sales of motor vehicles fell 16.1 percent in March from a year ago, while those of computer and telecommunications equipment were down 8.0 percent.

On a month-on-month and seasonally adjusted basis, total retail sales rose 2.3 percent in March after falling a revised 1.6 percent in the previous month.

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