October retail sales index up 1.6% compared to a year ago

Singapore‘s retail sales index rose 1.6 percent in October this year compared to a year ago.

Total sales amounted to some S$2.5 billion thanks to higher sales, especially in fashion and footwear, supermarkets, food and beverages, and telecom and computer goods.

Sales for these goods increased by between 7 and 10 percent over the same period last year.

But receipts for recreational goods, and optical goods and books dropped by some 6 percent and 5 percent respectively.

Compared to September, overall retail sales in October rose by almost 7 percent.

This was helped by stronger sales in watches and jewellery, furniture and household equipment and motor vehicles.

Source: Channel NewsAsia, 15 December 2006 

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