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Singapore – How is our domestic demand?

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The numbers are scaringly bad for January’s mass market

-8.4% drop for total sales
-8.1% drop for retail sales
-17.7% drop for clothing and footwear sales
-20.9% drop for motor vehicles sales
-20.3% drop for computer and telecom equipment sales
-13.2% for F&B sales

The article confuses me with annual change vs month on month change data.

Essentially – bad bad sentiment!!!

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