In a surprising turn of events, Singapore's retail sales showed no growth in November 2025, coming to a full stop at 0.0% month-over-month, according to the latest data updated on January 5, 2026. This development follows a steady rise in October, where the retail sales indicator had reached a healthy 2.3%.
The November stagnation breaks a five-month streak of incremental sales growth, raising concerns among market analysts about potential causes for this halt in momentum. Economists are now closely examining the underlying factors, including potential impacts of inflation, consumer spending behaviors, and the overall post-pandemic recovery landscape.
The retail sector's plateau in November contrasts sharply with October's progress, suggesting a complex economic climate that may require stimulated consumer engagement and targeted sector support. As the industry evaluates these new figures, stakeholders remain attentive to how this stagnation might affect the broader economic outlook for Singapore in the upcoming months.
