Singapore's total retail sales increased 4.5% in October on a year-on-year basis, according to data released by the Department of Statistics Singapore on Friday.
Excluding motor vehicles, retail sales were up 3.7% during the month.
On a seasonally adjusted basis, retail sales jumped 2.3% during the month, the data showed. Excluding motor vehicles, seasonally adjusted retail sales rose 2.9%.
Estimated total retail sales came in at SG$4.4 billion in October, with online sales making up 14.5% of it, the data showed. Excluding motor vehicles, total retail sales were SG$3.8 billion.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.