March retail sales down 13.3%, biggest drop in 22 years

Singapore retail sales in March recorded its biggest drop in more than 20 years. The index plunged 13.3% on-year — the 14th straight month of decline. Consumers spent less on non-essentials such as apparel, footwear and alcohol. However, demand for essential items such as groceries held up, with spending at supermarkets and hypermarkets rising more than 30% as more people worked from home amid the COVID-19 pandemic. Online sales also continued to rise, with an increase in sales of computers, telecommunications equipment and furniture. Subscribe to our channel here: cna.asia/youtubesub Subscribe to our news service on Telegram: cna.asia/telegram Follow us: CNA: cna.asia CNA Lifestyle: www.cnalifestyle.com Facebook: www.facebook.com/channelnewsasia Instagram: www.instagram.com/channelnewsasia Twitter: www.twitter.com/channelnewsasia

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