Singapore retail sales grow at slower pace of 13.7% in July

Retail sales in Singapore are up, driven by clothing and F&B. One analyst said this is due to a rise in shopping activity, after COVID-19 restrictions were eased. These segments helped push July sales up by 13.7%, a slight dip from June’s 14.8%. Apparel and footwear stores recorded 68% growth in sales, while food and alcohol establishments saw their takings going up by 53%. However, motor vehicle sales dropped amid rising prices for certificates of entitlement

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