Retail sales dip 1% on-year in Oct

SINGAPORE: Retail sales in Singapore dipped one per cent on-year in October as a result of lower sales of motor vehicles, according to the Department of Statistics (DOS).

Excluding motor vehicles, DOS said retail sales rose 1.3 per cent on-year.

Compared to the previous year, retail sales of motor vehicles decreased 8.5 per cent in October 2012.

Sales of optical goods and books, watches and jewellery, recreational goods and furniture and household equipment all declined in October at between 0.7 per cent and 2.9 per cent.

In contrast, sales of telecommunications products and computers recorded an 8.0 per cent increase on-year in October.

Meanwhile, retail sales of medical goods and toiletries, supermarkets, petrol service stations, wearing apparel and footwear and provision and sundry shops also increased by between 1.2 per cent and 6.6 per cent in October over the same period last year.

In the food and beverage services segment, retail sales rose 3.1 per cent in October 2012 compared to October 2011.

On a month-on-month basis, DOS said retail sales increased 0.6 per cent in October 2012.

- CNA/xq

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