Retail sales in April eked out a 0.3% YoY gain, recovering slightly from March's decline of 2.7% on a seasonally adjusted basis. Singapore’s retail sector posted modest growth in April 2025, but economists are warning that underlying headwinds could weigh on consumer spending in the second half of the year. According to UOB, retail sales in April eked out a 0.3% YoY gain, recovering slightly from March's decline of 2.7% on a seasonally adjusted basis. RHB similarly reported a 0.3% increase in retail sales from a year ago, with sales excluding motor vehicles rising 0.8% YoY. Performance across retail segments was mixed. Robust growth was seen in sales of computers and telecommunications equipment, which surged 14.8% YoY. Watches and jewellery also continued to perform well, registering a 12.9% increase. Meanwhile, recreational goods, mini-marts, food and alcohol, and optical goods saw year-on-year improvements after earlier weakness.   https://sbr.com.sg/retail/news/retail-growth-softens-headwinds-mount-in-second-half (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 10 June 2025