FX.co ★ Singapore Retail Sales Growth Hits 5-Month High

In June 2025, Singapore experienced a 2.3% year-over-year increase in retail sales, reflecting an improvement from the revised 1.3% growth observed in May. This marks the fourth consecutive month of retail growth, and the most robust since January. Key drivers of this growth included watches and jewellery, which surged to 5.5% from a decline of 1.9% in May, motor vehicles which rose to 14.6% from 10.4%, and furniture and household equipment, which saw a 1.3% increase compared to a previous 1.8% decline. Moreover, the trade contraction slowed in segments such as department stores, which improved to a minor 0.2% decline from 3.9%, petrol service stations improving to -5.9% from -9.4%, and clothing and footwear, rising to -2.6% from -5.3%. Conversely, sales continued to decline in sectors such as mini marts and convenience stores (falling to -2.6% from -0.2%), food and alcohol (declining to -5.2% from -3.6%), and others (which dropped to -10.2% from -5%). In the category of supermarkets and hypermarkets, growth tempered to 1.3% from 7.3%. On a month-to-month basis, retail activity decreased by 1.2% in June, offsetting the 1% increase from the previous period.