Bloomberg.com
15 Apr 2008
April 15 (Bloomberg) -- Singapore's retail sales unexpectedly declined for the first time in seven months in February as inflation at the highest in 26 years sapped consumer confidence and spending.
The retail sales index fell 1.3 percent from a year earlier, after climbing a revised 8.2 percent in January, the Statistics Department said today. That was below the median forecast of a 4.2 percent increase in a Bloomberg News survey of 11 economists. Excluding vehicles, sales gained 2.9 percent.
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