Bloomberg.com, 13 Nov 2009
Nov. 13 (Bloomberg) -- Singapore’s retail sales fell for a 12th straight month in September, a slump that may ease as the island’s economic recovery and a rebound in tourist arrivals revives spending in the coming months.
The retail sales index dropped 11.8 percent from a year earlier after sliding a revised 4.7 percent in August, the Statistics Department said today. The median estimate of seven economists surveyed by Bloomberg News was for a 5 percent decline.
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