Singapore's total retail sales decline 6.1% y-o-y in Jan 2021, marking 24 consecutive months of contraction

Singapore's total retail sales decline 6.1% y-o-y in Jan 2021, marking 24 consecutive months of contraction
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SINGAPORE (March 5): Singapore’s total retail sales value fell 6.1% year-on-year to S$3.8 billion in January 2021, according to the Department of Statistics (SingStat) on March 5.

In comparison, the total sales value in December 2020 fell 3.3% y-o-y to S$4.0 million, indicating a 1.8% dip month-on-month on a seasonally adjusted basis.

The lower retail sales value marks the 24th straight month of...(click on link for full story on theedgesingapore.com)