The China Post, 20 Sep 2011Singapore retail sales held up well in July, growing a faster-than-expected 10.7 percent from a year earlier, thanks to a buoyant job market in the second quarter.
But some analysts are uncertain if the pace of growth can be sustained as falling stock prices take a toll on consumer sentiment.
“Consumption in Singapore is the most sensitive to changes in equity prices in Asia,” wrote Citigroup analyst Kit Wei Zheng in a research note. Full story
