Retail sales grew by 1.9% in November 2021 on a year-on-year basis, compared to the 7.5% increase in October 2021. Excluding motor vehicles, retail sales rose 4.1%, compared to the 11.5% growth in October 2021. The larger year-on-year increase in October 2021 was partly attributed to the Computer & Telecommunications Equipment industry recording higher mobile… View Article
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Retail sales increased 7.5% in October 2021 on a year-on-year basis, compared to the 6.8% increase in September 2021. Excluding motor vehicles, retail sales rose 11.4%, compared to the 8.5% growth in September 2021. The year-on-year increase in October 2021 was partly attributed to the Computer & Telecommunications Equipment industry which recorded higher mobile phone… View Article
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Retail sales increased 6.6% in September 2021 on a year-on-year basis, a reversal from the 2.8% decline in August 2021. Excluding motor vehicles, retail sales rose 8.3%, compared to the flat growth in August 2021. The year-on-year increase in September 2021 was partly attributed to the Computer & Telecommunications industry, which recorded higher sales of… View Article
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Retail sales fell 2.8% in August 2021 on a year-on-year basis, a reversal from the 0.2% growth in July 2021. The decline in August 2021 was attributed mainly to lower motor vehicle sales (-17.5%) that corresponded with the lower COE quota this year. Excluding motor vehicles, retail sales was at a similar level as August… View Article
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Retail sales increased 79.7% in May 2021 on a year-on-year basis, compared to the 54.0% increase recorded in April 2021. The large year-on-year growth in May 2021 was attributed to the low base in May 2020 when the Circuit Breaker measures were put in place to contain the COVID-19 outbreak, and physical stores were closed… View Article
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Retail sales increased 54.0% in April 2021 on a year-on-year basis, compared to the 6.3% increase recorded in March 2021. The strong year-on-year growth rate in April 2021 was attributed to the low base in April 2020 when the Circuit Breaker measures were implemented due to COVID-19, and physical stores were closed for most of… View Article
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