Leave a comment

Singapore – How is our domestic demand?


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!!!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: