FX.co ★ Singapore Retail Sales Growth Picks Up in October

In October 2025, Singapore experienced a significant uptick in retail sales, which rose by 4.5% compared to the same period the previous year. This increase marked an acceleration from the 2.8% growth observed in September. Notably, sales surged in several sectors: watches and jewelry saw a 25% rise compared to 16.6% the previous month, recreational goods increased by 20.4% from 11.7%, motor vehicles posted a 9.7% gain up from 7.8%, and optical goods and books climbed to 6.9% from 4.7%. There was a moderated decline in the trade of food and alcohol, down 2.5% from a previous fall of 4.7%, and a lesser drop in other categories, decreasing by 9.2% compared to 11.2% before. Conversely, petrol service station sales fell further to -17.4% from -8%. Growth was subdued in department stores, slowing to 2.8% from 3.7%, and in supermarkets and hypermarkets, which eased to 3.6% from a prior 5.2% increase. On a seasonally adjusted monthly basis, retail sales rebounded by 2.3% in October, correcting from a 1.4% decline in the previous period.