In a promising development for Singapore's economy, retail sales experienced significant growth in October 2025, reaching a year-over-year increase of 4.5%. This upturn follows a previous figure of 2.7% recorded in September 2025, marking a substantial improvement for the Southeast Asian financial hub.
The data, which was updated on December 5, 2025, highlights a flourishing retail sector as consumers ramp up spending. Compared to the same period in 2024, the October surge reflects growing consumer confidence and economic resilience. In contrast, the September 2025 figures showed more modest growth when compared to September 2024, indicating an accelerating trend as the year draws to a close.
Analysts are attributing this increased consumer activity to several factors, including the easing of pandemic-related restrictions and a boost in tourism, both of which have helped rejuvenate the retail landscape in Singapore. As the year-end holiday season approaches, this positive shift in retail sales may further bolster the nation's economic outlook.
