Thomson FX Hub
15 Apr 2008
SINGAPORE (Thomson Financial) - Singapore retail sales may have risen at a slower pace in February compared to the previous month as the shopping frenzy ahead of the Chinese New Year abated while car sales continued to drop, economists said.
The average forecast in a Thomson Financial News poll of five economists is for an increase of 3.5 percent in retail sales in February from a year earlier. The estimates ranged from flat growth to a rise of 5.6 percent. Sales were up 7.8 percent in January.
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