Serious Retail sales surge in April thanks to very strong car sales

[SNTCK]

SINGAPORE - Retail sales enjoyed a bumper month in April but it was largely thanks to very strong car sales.

Overall retail sales jumped 3.8 per cent in April over the same month last year, powered by a 43 per cent surge in motor vehicle sales.

If car sales are stripped out, retail sales would have fallen 3 per cent year on year, the Department of Statistics said on Wednesday.

It was a similar story in March, with a 5.1 per cent jump in retail sales, driven by 41.3 per cent surge in motor vehicle sales.

The weakest performing sectors in April were telecoms apparatus and computers, where sales nosedived 17.1 per cent, and watches and jewellery, which were down 11.3 per cent.

 

[SNTCK]

who says economy not good? huat arr!

 

[Leongsam]

This proves yet again that the PAP is the best.

 

[SNTCK]

This proves yet again that the PAP is the best.

yes, more bonus for civil servant!

 

[gingerlyn]

very stranges, sales on motor vehicles up but petrol down.
Does that mean that people buy cars and keeping them at the car park?

 

[po2wq]

ze game plan in having mor peasants tied down in bigga car debts is bearing fruits ...

 

[SNTCK]

singapore is small market, the demand of petrol not enough to affect the petrol price.

 

[Scrooball (clone)]

Car sales increased because of relaxed borrowing regulations. These people are going to get banged real hard once the real cost of owning a car sets in.