Singapore’s retail sales growth slowed in March 2026, with year-over-year figures showing a 4.8% increase, down from the stronger 8.3% expansion recorded in February 2026.
The data, updated on 5 May 2026, indicate that while consumer spending continues to rise compared with a year earlier, the pace of growth has moderated. Both the current and previous readings reflect year-over-year comparisons, measuring each month’s change against the same month in the prior year.
The easing from February’s level suggests a normalization after a robust start to the year, and will likely be watched closely by analysts assessing the resilience of household demand and its implications for Singapore’s broader economic momentum.
