Singapore Nov Retail Sales Rise More Than Expected

Singapore’s retail sales grew at a faster-than-expected pace in November, data from the Department of Statistics showed Friday.

Retail sales climbed a seasonally adjusted 5.1 percent month-over-month in November, faster than the 1.5 percent rise in October. That was well above the 0.6 percent increase economists had forecast.

Retail sales of motor vehicles advanced 14.6 percent monthly in November and those of computer and telecommunications equipment jumped by 46.5 percent.

Excluding motor vehicles, retail sales gained 2.9 percent and sales at supermarkets registered a growth of 2.2 percent.

On a yearly basis, retail sales rose 5.3 percent in November, reversing a 0.2 percent increase in October. It was expected to rise by 1.1 percent.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Singapore Nov Retail Sales Rise More Than Expected

Won't your trader friends like this?
InstaForex
About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Related Posts

Leave a Reply

*