Singapore: Retail sales
* indicates monthly or quarterly data series
The most recent value is 96.61 index points as of July 2024, an increase compared to the previous value of 94.62 index points. Historically, the average for Singapore from January 1985 to July 2024 is 71.48 index points. The minimum of 21.33 index points was recorded in April 1986, while the maximum of 114.27 index points was reached in June 2007.
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* indicates monthly or quarterly data series
- Measure: index points
- Source: Department of Statistics Singapore
| Recent values | Singapore: Retail sales index |
|---|---|
| 2024 Jul | 96.61 |
| 2024 Jun | 94.62 |
| 2024 May | 96.55 |
| 2024 Apr | 93.79 |
| 2024 Mar | 98.13 |
| 2024 Feb | 100.57 |
| 2024 Jan | 93.64 |
| 2023 Dec | 93.99 |
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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.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | 21.02 | 8/2024 | percent |
| Retail sales | 96.61 | 7/2024 | index points |
| Retail sales Y-on-Y | -0.47 | 7/2024 | percent |
| House price index | 153.75 | Q1/2024 | index points |
| Real residential property prices Y-on-Y change | 1.84 | Q1/2024 | percent |
| Business confidence survey | 23.00 | Q3/2024 | points |
| Consumer confidence survey | 95.00 | Q3/2021 | points |
| Purchasing Managers Index (PMI), composite | 57.60 | 8/2024 | index points |
| Purchasing Managers Index (PMI), manufacturing | 49.90 | 8/2023 | index points |