Bloomberg.com 15 May 2009, Shamim Adam
May 15 (Bloomberg) -- Singapore’s retail sales fell for a sixth month in March, extending the longest period of declines since 2002, as the nation’s worst recession and the loss of thousands of jobs depressed spending.
The retail sales index dropped 7.3 percent from a year earlier, after sliding a revised 5.5 percent in February, the Statistics Department said today. The median estimate of 11 economists surveyed by Bloomberg News was for a 7 percent decline. Adjusted for seasonal factors, sales fell 5.1 percent from February.
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