Retail sales up 3.8% in October

Retail sales up 3.8% in October
RETAIL sales grew 3.8 per cent year-on-year in October to $2.75 billion, the Department of Statistics (DOS) said yesterday.
All segments except vehicles saw higher sales than a year earlier, with petrol service stations showing the highest growth of 28.2 per cent because of the rise in petrol prices.

Other segments that showed double-digit growth included apparel and footwear and telecommunications apparatus and computers. Retail sales of vehicles dipped 5 per cent.

Excluding vehicles, retail sales rose 8.4 per cent from October 2006.
Overall retail sales rose 2.8 per cent in October from September, bolstered by petrol service stations, apparel and footwear, and watches and jewellery. Supermarkets, department stores and retailers of recreational goods, vehicles and furniture and household equipment also did better in October than September.

But sales of telecommunications apparatus and computers dropped 9.2 per cent in October, from a high base in September.

The catering trade index rose 6.3 per cent year-on- year in October, mainly due to higher receipts of food caterers, fast-food outlets and other eating places. At $367.9 million, it was also a 2.2 per cent increase from September.

Source : Business Times - 15 Dec 2007

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