Retail sales index in Singapore, December, 2019
For that indicator, Department of Statistics Singapore provides data for Singapore from 1985 to Q4 2019. The average value for Singapore during that period was 70.74 index points with a minimum of 22.2 index points in April 1986 and a maximum of 118.6 index points in June 2007.
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Measure: index points
Source: Department of Statistics Singapore
Definition: The retail sales index is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction. The retail sales index measures only the volume changes, i.e. price level changes are excluded.