Retail Sales Index – October 2021December 7, 2021
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 sales due to new product launches. On a seasonally adjusted basis, retail sales increased 0.7% in October 2021 over the previous month. Excluding motor vehicles, seasonally adjusted retail sales increased 2.3% compared to September 2021. Retail sales value in October 2021 remained below pre-COVID levels.
The estimated total retail sales value in October 2021 was $3.6 billion. Of this, online retail sales made up an estimated 15.2%, compared to the 15.1% recorded in September 2021. Excluding motor vehicles, the total retail sales value was about $3.1 billion, where online retail sales made up 17.6%. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment and Supermarkets & Hypermarkets industries made up 51.6%, 30.0% and 15.2% of the total sales of their respective industry.
Click here to find out more.