Singapore Retail Sales Up 6.2%

Singapore Retail Sales Up 6.2%

Marina Bay Sands in Singapore. Hu Chen via Unsplash.

March sales were up for the second month in a row following a year-long decline, The Straits Times reports.

Watches and jewellery saw the strongest rebound across segments, with sales increasing 60.2 percent; apparel and footwear followed with a 35.6 percent boost. Of the month’s total retail sales estimated at $3.5 billion, around 11.8 percent was spent online.

However, whether this rebound will continue is uncertain. Just this week, an uptick in Covid-19 cases pushed authorities to reintroduce tighter measures for about three weeks beginning May 8.

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