Singapore: Retail sales Y-on-Y
* indicates monthly or quarterly data series
The most recent value is 1.8 percent as of March 2026, a decline compared to the previous value of 7.59 percent. Historically, the average for Singapore from January 1986 to March 2026 is 4.19 percent. The minimum of -52.38 percent was recorded in May 2020, while the maximum of 79.54 percent was reached in May 2021.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Department of Statistics Singapore
| Recent values | Singapore: Retail sales Y-on-Y |
|---|---|
| 2026 Mar | 1.8 |
| 2026 Feb | 7.59 |
| 2026 Jan | 0.06 |
| 2025 Dec | 2.07 |
| 2025 Nov | 4.16 |
| 2025 Oct | 3.08 |
| 2025 Sep | 1.94 |
| 2025 Aug | 4.17 |
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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.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Industrial production | 10.14 | 3/2026 | percent |
| Retail sales | 104.00 | 3/2026 | index points |
| Retail sales Y-on-Y | 1.80 | 3/2026 | percent |
| House price index | 162.86 | Q4/2025 | index points |
| Real residential property prices Y-on-Y change | 2.12 | Q4/2025 | percent |
| Business confidence survey | 16.00 | Q1/2025 | points |
| Consumer confidence | 95.00 | Q3/2021 | points |