Singapore’s retail sales growth accelerated in June as an expanding job market encouraged purchases of luxury goods, telephones and computers.
The retail sales index rose 10.9 percent from a year earlier after climbing a revised 9.6 percent in May, the Statistics Department said in a statement today. The median estimate in a Bloomberg News survey of nine economists was for an 11 percent gain.
Tourists are visiting the city in record numbers, drawn by Genting Singapore Plc and Las Vegas Sands Corp.’s casino complexes on the island, which include shopping malls, hotels and restaurants. Full story
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Singapore Retail Sales Growth Quickens More Than Expected - RTTNews
