The dip is likely due in part to more residents travelling overseas during the school holidays.
SINGAPORE - Takings at the till in Singapore fell 0.6 per cent in June from the same month a year earlier, reversing a 2.2 per cent growth in May.
The lukewarm recovery in tourist arrivals could dampen retail sales, which were also affected as residents divert spending overseas due to the strong Singapore dollar, he said, adding that resident outbound air departures have exceeded pre-Covid-19 levels. Optical goods and books recorded the largest decrease of 12.5 per cent, mainly due to lower sales of books. The sales of wearing apparel and footwear fell by 10.1 per cent, while minimarts and convenience stores saw a decline of 7.1 per cent.
The revenue of cafes, foodcourts and other eating places rose 2.5 per cent, while sales at restaurants increased 0.2 per cent. Takings at fast-food outlets fell 4.9 per cent. Online retail sales made up 49 per cent of the total sales of computer and telecommunications equipment, 32.7 per cent of furniture and household equipment sales, and 12.5 per cent of takings in supermarkets and hypermarkets.
Singapore Latest News, Singapore Headlines
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