Singapore Retail Sales Could Get Lift From Tourism -- Market Talk
Dow Jones
Jun 19, 2025
0242 GMT - Singapore's retail sales this year will likely be supported by improving tourist numbers, easing inflation and steady employment, DBS Group Research writes in a note. Tourist arrivals are expected to recover to 17 million-18.5 million in 2025, it says. That could drive luxury, fashion and lifestyle-retail demand in precincts such as Sentosa, Marina Bay Sands and Orchard Road. DBS notes the city-state's stable retail market in 1Q despite retailers taking a more cautious stance amid macroeconomic uncertainty. For the year, it expects Singapore's retail sales to grow by about 2.0%. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
June 18, 2025 22:42 ET (02:42 GMT)
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