Retail sales in Singapore experienced a 3.6% decline in February 2025 compared to the same month last year, according to the Singapore Department of Statistics.
The drop was more pronounced when excluding motor vehicles, with a 6.7% decrease. The food and beverage services sector also saw a downturn, with sales falling by 5.6% year-on-year.
The timing of the Chinese New Year, which occurred in February last year but shifted to January this year, significantly impacted these figures.
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