Singapore posts decline in retail sales
Singapore's retail sales dropped 6.6% year on year to S$2.03 billion (around $1.2 billion) in February due to a sharp fall in spending on motor vehicles, said the
Singapore's Department of Statistics.
Excluding vehicles, retail sales rose 6.1% year on year in February as Singaporeans spent more on food and beverages and medical goods.
Country's retail sales also shrank 27.9% compared to January as many stores were closed during the Lunar New Year.