Singapore: Retail sales Y-on-Y

* indicates monthly or quarterly data series
 Singapore

Retail sales Y-on-Y

 Latest value 6.62
 Reference February 2024
 Measure percent
 Data availability January 1986 - February 2024
 Average 4.33
 Min - Max -52.13 - 82.48
 Source Department of Statistics Singapore
For that indicator, we provide data for Singapore from January 1986 to February 2024. The average value for Singapore during that period was 4.33 percent with a minimum of -52.13 percent in May 2020 and a maximum of 82.48 percent in May 2021. Click on the following link to see the values of Retail sales Y-on-Y around the world.
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* indicates monthly or quarterly data series


Recent values chart
Singapore - Retail sales Y-on-Y - recent values

Historical chart
Singapore - Retail sales Y-on-Y - historical chart - 1986-2024
Measure: percent
Source: Department of Statistics Singapore


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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 value Reference Measure
 Industrial production -1.23 9/2023 percent
 Retail sales 96.81 9/2023 index points
 Retail sales Y-on-Y -0.83 9/2023 percent
 House price index 147.51 Q3/2023 index point
 Real residential property prices Y-on-Y change 0.27 Q3/2023 percent
 Business confidence survey 6.00 Q3/2023 points
 Consumer confidence survey 95.00 Q3/2021 points
 Purchasing Managers Index (PMI), composite 54.20 9/2023 index points
 Purchasing Managers Index (PMI), manufacturing 49.90 9/2022 index points
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