Strong job market, wealth gains to underpin Singapore retail spending in 2026: Economists
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Singaporeans took advantage of the strong Singdollar to travel overseas.
PHOTO: LIANHE ZAOBAO
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Published Dec 27, 2025, 05:00 AM
Updated Dec 27, 2025, 09:07 AM
SINGAPORE - Consumer spending in Singapore is likely to remain robust in 2026, supported by improving job prospects and steady investment returns, economists said.
In 2025, consumers here spent most on travel and household necessities, helped by a strong Singapore dollar and a resilient labour market.
Retail spending in Singapore is forecast to expand by around 3.5 per cent to 4 per cent in 2026, said Maybank senior economist Chua Hak Bin, adding that while this is slower than the pace seen in recent months, it is much faster than the first half of 2025.