Retail sales in Singapore experienced a modest increase of 0.3% in April 2025 compared to the same month last year, according to the latest data released by the Singapore Department of Statistics. When excluding motor vehicles, the rise in retail sales was more pronounced at 0.8%. Additionally, the food and beverage services sector saw a 1.2% increase over the same period.
The growth in retail sales, albeit slight, indicates a steady recovery in consumer spending. The exclusion of motor vehicles from the data highlights a stronger performance in other retail sectors, suggesting a diversified consumer interest beyond automotive purchases.
The food and beverage services sector’s 1.2% increase reflects a continued appetite for dining out and takeaway services, which have been resilient amidst fluctuating economic conditions. This growth is a positive sign for businesses in the sector, which have faced challenges in recent years due to the pandemic.
The Singapore Department of Statistics continues to provide valuable insights into the country’s economic health through its monthly indices. These figures are crucial for businesses and policymakers to understand consumer behaviour and economic trends.
As Singapore navigates its economic recovery, the retail and food and beverage sectors remain key indicators of consumer confidence and spending patterns. The data from April 2025 suggests a cautiously optimistic outlook for these industries.
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