Retail sales Y-on-Y in Singapore, December, 2019
For that indicator, Department of Statistics Singapore provides data for Singapore from 1986 to Q4 2019. The average value for Singapore during that period was 4.5 percent with a minimum of -25.97 percent in March 1986 and a maximum of 40.4 percent in December 1988.
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* indicates monthly or quarterly data series
Source: Department of Statistics Singapore
Definition: The retail sales Y-on-Y 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.
Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year.
The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.