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Singapore November retail sales rise highest in nearly two years

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SINGAPORE | Friday, Jan 12 2018 IST
 
Singapore's on-year retail sales in November jumped the highest in nearly 2 years thanks to a surge in computer and telecommunications equipment sales, data showed on Friday.Total retail sales rose 5.3 percent from a year earlier, after falling a revised 0.2 percent in the previous month, according to data from the Singapore Department of Statistics.Sales of computer and telecommunications equipment grew 16.6 percent from a year earlier and 46.5 percent from the month before.This is the highest on-year retail sales growth since March 2016 when it grew the same amount, Reuters data shows.On a month-on-month and seasonally adjusted basis, total retail sales rose 5.1 percent in November after rising 1.5 percent in the previous month.REUTERS PY 1031

-- (Reuters) -- C-1-1-DL0298-1206256.Xml

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