Singapore’s retail sales, excluding motor vehicles, gained for a 12th month in October as an influx of tourists and rising wages spurred sales at department stores.The index measuring purchases excluding automobiles climbed 5.3 percent from a year earlier, after gaining a revised 5.2 percent in September, the Statistics Department said in a statement today. Including vehicles, which are sold subject to government caps, total retail sales fell 2.8 percent, worse than the median forecast for a 1 percent decline in a Bloomberg News survey of eight economists. Full story
