FX.co ★ Singapore Retail Sales Surge by 8.4% Year-over-Year in February 2024

Singapore's retail sector experienced a remarkable surge in February 2024, as indicated by a substantial 8.4% increase in retail sales compared to the same month a year ago. This surge marks a significant acceleration from the previous month, where retail sales had grown by 1.6% in January 2024. The data, updated on April 5, 2024, highlights the resilience and growth potential of Singapore's retail industry in the face of economic challenges. The Year-over-Year comparison underlines the consistent upward trend in retail sales, reflecting positive consumer sentiment and spending habits in the country. The robust performance of the retail sector in Singapore bodes well for the overall economic outlook and signals a promising trajectory for future growth.