Bloomberg.com, 15 Jan 2009, Shamim Adam
Jan. 15 (Bloomberg) -- Singapore’s retail sales fell for a second month in November as consumers reduced expenditure on vehicles, clothing and jewelry amid a deepening economic slump.
The retail sales index dropped 3.4 percent from a year earlier, matching a revised decline in October, the Statistics Department said today. That compares with the median forecast for a 2.4 percent contraction in a Bloomberg News survey of six economists. Adjusted for seasonal factors, sales fell 5.2 percent from October.
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