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Singapore's retail sales rose 1.9 per cent year-on-year in November, compared to the previous month's increase of 7.5 per cent.
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The larger year-on-year increase in October was partly attributed to the computer and telecommunications industry recording higher mobile phone sales due to new product launches, according to data released by the Department of Statistics Singapore (SingStat) on Wednesday (Jan 5).
Excluding motor sales, retail sales were up 4.1 per cent. Retail sales value in November remained below pre-pandemic levels.
Estimated total retail sales value came in at S$3.7 billion, of which online retail sales made up an estimated 16.9 per cent, compared to the 15.2 per cent recorded in October.
The higher online retail sales proportion was mainly attributed to more sales recorded during the year-end online shopping events such as Singles' Day (11.11) and Black Friday, said SingStat.
On a seasonally adjusted month-on-month basis, retail sales grew 2.5 per cent in November compared to the previous month. Retail sales rose to 2.9 per cent when motor vehicles were excluded.