Singapore

Retail Sales

7.7
percent change, year-over-year
Jan 86Jan 88Jan 90Jan 92Jan 94Jan 96Jan 98Jan 00Jan 02Jan 04Jan 06Jan 08Jan 10Jan 12Jan 14Jan 16Feb 18Apr 20Sep 22-90.000-45.0000.00045.0090.00
  • Singapore
  • Global Median
Source: IMF

Definition of Retail Sales

The retail sales Y-on-Y is an aggregated measure of the sales of retail goods over a stated period. Because retail sales are a measure of consumer demand for finished goods, they are a leading macroeconomic indicator of the pulse of an economy and its projected path toward expansion or contraction. Retail sales Y-on-Y is calculated as the percent change in the Retail sales index from the same month the previous year. The Retail sales Y-on-Y measures only volume changes, i.e. price level changes are excluded.

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