Singapore retail sales rebound in February on CNY boost, but outlook clouded by Iran war

Singapore retail sales rebound in February on CNY boost, but outlook clouded by Iran war

Singapore retail sales saw an 8.3% year-on-year increase in February, boosted by Chinese New Year spending. Read more at straitstimes.com.

Singapore's retail sales increase 8.3% in February, partly due to CNY

Retail sales in Singapore went up 8.3 per cent year-on-year in February which was the Chinese New Year (CNY) month.It reverses the 0.5 per cent decrease in January, according to data from the Singapore Department of Statistics (SingStat) released on Monday (April 6).Excluding motor vehicles, parts and accessories, retail sales increased 11.2 per cent in February, compared to the 2.9 per cent decline at the start of the year.But on a seasonally a…