In November, Singapore experienced its first decline in retail sales in five months, according to preliminary figures released by the Department of Statistics on Friday.
The retail sector saw a 0.7% decrease compared to the same month last year, reversing the previous month's 2.4% growth. When excluding motor vehicles, sales dropped by 1.4%, contrasting with the 0.5% rise observed in October.
The sales of computer and telecommunications equipment suffered a significant drop of 11.0%. Additionally, demand for apparel and footwear dipped by 3.8%. Conversely, sales in the food and alcohol segment rose by 5.6%.
Sales at mini-marts and convenience stores witnessed an 8.6% decline, while transactions at petrol service stations decreased by 5.4%.
The food and beverage service index increased by 3.9% year-over-year in November, consistent with the growth rate from the previous month.
Online sales accounted for 14.6% of total retail sales, an increase from 12.6% in the prior month.
On a month-to-month basis, retail sales experienced a seasonally adjusted decline of 2.8% in November, following a 0.3% uptick in October.
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