Retail Sales Index – April 2022June 6, 2022
Retail sales increased 12.1% in April 2022 on a year-on-year basis, extending the 8.8% increase in March 2022. Excluding motor vehicles, retail sales rose 17.4%, compared to the 13.6% increase in March 2022. The year-on-year increase in retail sales in April 2022 was partly attributed to larger growths in industries such as Wearing Apparel & Footwear, Food & Alcohol and Department Stores. On a seasonally adjusted basis, retail sales increased 1.2% in April 2022 over the previous month. Excluding motor vehicles, seasonally adjusted retail sales increased 1.7% compared to March 2022.
The estimated total retail sales value in April 2022 was $3.7 billion. Of this, online retail sales made up an estimated 12.5%, lower than the 14.8% recorded in March 2022 which saw more online promotional events. Excluding motor vehicles, the total retail sales value was about $3.3 billion, where online retail sales made up 14.2%. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment and Supermarkets & Hypermarkets industries made up 48.2%, 28.3% and 14.8% of the total sales of their respective industry.
Click here to find out more.