Bloomberg.com, 14 Feb 2009, Shamim Adam
Feb. 13 (Bloomberg) -- Singapore’s retail sales fell for a third month in December as a deepening economic slump led consumers to spend less on luxury goods and household equipment.
The retail sales index dropped 1.6 percent from a year earlier, after declining a revised 3.3 percent in November, the Statistics Department said today. That compares with the median forecast for a 5.6 percent contraction in a Bloomberg News survey of eight economists. Adjusted for seasonal factors, sales rose 2.7 percent from November.
Read More
