Analysts cautiously optimistic about growth in Singapore's retail sector for 2025
Market watchers are upbeat about growth in Singapore's retail sector this year, despite sales falling unexpectedly in November last year. They say the boost could come from a resilient labor market and easing inflation. After four months of growth, retail sales in Singapore fell by 0.7 per cent last November. Analysts say the retail sector suffered partly because Singaporeans headed overseas for holidays. The other reason was slower car sales. Nasyrah Rohim with more.
Market watchers are upbeat about growth in Singapore's retail sector this year, despite sales falling unexpectedly in November last year. They say the boost could come from a resilient labor market and easing inflation. After four months of growth, retail sales in Singapore fell by 0.7 per cent last November. Analysts say the retail sector suffered partly because Singaporeans headed overseas for holidays. The other reason was slower car sales. Nasyrah Rohim with more.
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