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News 2026-07-06 06:25 UTC

Singapore Retail Sales Ease in May, Missing Forecasts

() -- Singapore's retail sales growth slowed down in May, weighed down by a drop in food and beverage retail, alongside declines in department store takings, according to data from the Statistics Department released Monday. Total retail sales jumped 3% year over year to SG$4.5 billion in May, softer than the 5.4% incre