FX.co ★ Singapore Retail Sales Growth at 18-Month High

Retail sales in Singapore experienced a notable increase of 5.2% year-on-year in August 2025, improving from a revised 4.6% rise in July. This represented the most robust retail activity growth since February of the previous year, largely propelled by significant sales boosts in furniture and household equipment (8.6% compared to 2% in July), recreational goods (9.9% versus 6.8%), and other categories (1.6% as opposed to -0.3%). Furthermore, there was a lesser decline in sales for wearing apparel and footwear (-1.4% versus -4.2%) and petrol service stations (-5% versus -5.6%). Conversely, sales decreased in department stores (-6.5% compared to 4.1%) and mini-marts and convenience stores (-1.7% compared to 0%), while sales growth for computer and telecommunications equipment slowed (7.4% versus 10.9%). On a month-to-month basis, retail sales increased by 0.5% in August, decelerating from a revised 3.9% growth in the prior month.