FX.co ★ Singapore Retail Sales Growth Eases in April

Retail sales in Singapore experienced a year-on-year increase of 0.3% in April 2025, following a revised growth of 1.3% in March, making this the second month in a row of escalated sales figures. There was a continued rise in sales for supermarkets, which saw a 1.7% increase compared to 4.5% in March; recreational goods saw an uptick of 4.9% versus 2.6%; cosmetics and toiletries sales grew by 2.3%, down from 3.6%; and watches and jewelry rose by 12.9% compared to 13.4% in the previous month. Additionally, sales bounced back in categories such as mini-marts with a 3.1% increase from a previous decline of 3.0%, food and alcohol up by 3.0% following a drop of 6.6%, optical goods and books increasing by 1.6% from a 6.3% decrease, and an upswing of 2.9% in the 'others' category from a previous decline of 2.2%. Conversely, declines were noted in furniture and household equipment at -5.6% compared to a prior rise of 1.8%, department stores fell by 8.2% from a previous -1.9%, petrol services dropped by 10.6% versus -8.2%, apparel decreased by 10.3% from an earlier decline of 8.4%, and motor vehicles sales fell by 2.9% against a 3.3% increase in March. On a seasonally adjusted monthly basis, retail trade rose by 0.3%, recovering from a revised decline of 2.7% in March, which had been the first monthly decrease in three months.