Bloomberg.com, 13 Mar 2009, Shamim Adam
March 13 (Bloomberg) -- Singapore’s retail sales fell the most in a decade in January as consumers purchased fewer cars, household and luxury goods amid a deepening economic slump.
The retail sales index dropped 12.2 percent from a year earlier, after declining 1.6 percent in December, the Statistics Department said today. That compares with the median forecast for a 2 percent contraction in a Bloomberg News survey of nine economists. Adjusted for seasonal factors, sales fell 9.9 percent from December.
Read More
Related News:
Singapore retail sales plunge 12 percent in January as shoppers avoid big-ticket items - Balitmoresun.com
Singapore January retail sales plunge 12 percent - Forbes.com
Singapore's Retail Sales Decline In January - RTTNews
Singapore's retail sales plunge in January - Earthtimes.org
