Bloomberg.com
15 Aug 2008
By Shamim Adam
Aug. 15 (Bloomberg) -- Singapore's retail sales fell for the first time in four months as vehicles sales slumped and consumers bought fewer luxury goods, mobile phones and computers.
The retail sales index fell 3.2 percent from a year earlier, after climbing 4.8 percent in May, the Statistics Department said today. That was worse than the median forecast for a 0.2 percent decline in a Bloomberg News survey of 10 economists. Excluding vehicles, sales dropped 0.8 percent.
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