Singapore retail sales dip 3.4% in February, ending five-month growth streak

Retailers in Singapore saw a lull in February, following a festive spending boom a month before. The Department of Statistics said retail sales fell 3.4% on-year and dipped 1% on a monthly basis. Most sectors recorded declines in sales, with food and alcohol, motor vehicles, as well as mini-marts and convenience stores leading the slump. In contrast, sales of cosmetics, toiletries and medical goods skyrocketed due to higher demand for pharmaceutical products.

Subscribe to our channel here: https://cna.asia/youtubesub

Subscribe to our news service on Telegram: https://cna.asia/telegram

Follow us:
CNA: https://cna.asia
CNA Lifestyle: http://www.cnalifestyle.com
Facebook: https://www.facebook.com/channelnewsasia
Instagram: https://www.instagram.com/channelnewsasia
Twitter: https://www.twitter.com/channelnewsasia