Bloomberg, 15 May 2012Singapore’s retail sales grew more than economists estimated in March as consumers increased spending on food, clothing and telecommunication goods.
The retail sales index climbed 9.1 percent from a year earlier after gaining a revised 20.1 percent in February, the statistics department said in a statement today. The median estimate in a Bloomberg News survey of 13 economists was for a 7.2 percent increase. Excluding automobiles, retail sales rose 6.5 percent from a year earlier. Full story
