Singapore’s retail sector weakened in May 2026, with sales falling 2.3% month-over-month, according to data updated on 6 July 2026. The decline marks a clear reversal from April 2026, when retail sales had posted a 0.4% increase compared with March.
On a month-over-month basis, the latest figures show that consumer spending momentum has softened, as May’s negative print follows only a modest gain in the prior month. The comparison highlights that while April suggested tentative growth in retail activity, May’s downturn erased that progress and signals a more cautious demand environment.
The data are based on a month-over-month comparison, where the “actual” figure measures the change in May relative to April, and the “previous” figure reflects April’s change versus March. With May’s -2.3% outcome following April’s 0.4% rise, the trajectory underscores growing headwinds for Singapore’s retail landscape as mid-2026 unfolds.
