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Singapore retail sales plunge 40.5% in April amid Covid-19

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SINGAPORE'S retail sales tumbled 40.5 per cent year on year in April, deepening from a 13.3 per cent decline in March, said the Department of Statistics (Singstat) on Friday. Read more at The Business Times.

Supermarkets and hypermarkets bucked the trend, with a 74.6 per cent rise in sales, as demand for groceries rose with more people staying at home following the closure of most workplace premises and home-based learning for students.

Watches and jewellery saw the biggest fall, down 87.8 per cent, followed by wearing apparel and footwear, which fell 85.3 per cent. Also seeing large falls were department stores , motor vehicles and optical goods and books . These were due to the closure of physical stores for most of the month.

 

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