Singapore retail sales seen slowing in May but still healthy given high prices

Reutersfxhub.com
11 Jul 2008

SINGAPORE (Thomson Financial) - Retail sales in Singapore are likely to remain healthy in May supported by higher prices, although lower than a month earlier as consumers rein in spending amid an economic slowdown.

A Thomson IFR poll of economists show retail sales in the city-state likely rose 6.5 percent from a year earlier, compared to the 7.5 percent jump in April.

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