Bloomberg.com
15 Jul 2008
July 15 (Bloomberg) -- Singapore's retail sales growth slowed in May as consumers bought fewer cars and spent less on furniture amid the fastest inflation in 26 years.
The retail sales index gained 4.8 percent from a year earlier, after climbing 7.5 percent in April, the Statistics Department said today. That was below the median forecast of a 6.2 percent increase in a Bloomberg News survey of 16 economists. Excluding vehicles, sales advanced 7.9 percent.
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