Retail Sales Index – September 2021
November 8, 2021Retail 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 mobile phones due to new product launches. On a seasonally adjusted basis, retail sales increased 6.0% in September 2021 over the previous month. Excluding motor vehicles, seasonally adjusted retail sales increased 5.1% compared to August 2021. Retail sales value in September 2021 remained below pre-COVID levels.
The estimated total retail sales value in September 2021 was $3.4 billion. Of this, online retail sales made up an estimated 15.2%, compared to the 14.1% recorded in August 2021. Excluding motor vehicles, the total retail sales value was about $2.9 billion, where online retail sales made up 18.0%. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment and Supermarkets & Hypermarkets industries made up 53.7%, 32.0% and 15.0% of the total sales of their respective industry.
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