Retail sales in Singapore experienced a 4.8% increase in July this year compared to the same month in 2024, according to the latest data from the Singapore Department of Statistics. When excluding motor vehicles, the growth in retail sales was 4.1%. Additionally, sales in the food and beverage services sector rose by 1.7% over the same period.
The rise in retail sales highlights a positive trend in consumer spending, reflecting a recovery in the sector. The increase in food and beverage services sales further underscores the gradual return to pre-pandemic levels of dining and social activities.
These figures are part of the Monthly Retail Sales and Food & Beverage Services Indices released by the Singapore Department of Statistics. The indices provide valuable insights into consumer behaviour and economic health, serving as a crucial indicator for businesses and policymakers.
The Department of Statistics has also enhanced its SingStat Mobile App, offering new features for users to access statistical data more conveniently. This move aims to make statistical information more accessible to the public, fostering informed decision-making.
As Singapore continues to navigate post-pandemic recovery, these positive sales figures suggest a strengthening economy. Future reports will reveal whether this upward trend continues, providing further insights into the nation’s economic trajectory.
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