Retail Sales for June 2020

Retail sales decreased 27.8% in June 2020 from June 2019, an improvement from the 52.0% year-on-year decline recorded in May 2020, as Singapore exited the Circuit Breaker with physical retail stores re-opening in Phase Two1 . Excluding motor vehicles, retail sales fell 24.2%. Compared to the previous month, seasonally adjusted retail sales increased 51.1% in June 2020. Excluding motor vehicles, seasonally adjusted retail sales increased 43.1%. The month-on-month growths were mainly attributed to the low base in May 2020 when physical stores were closed for the entire month during the Circuit Breaker period.

The estimated total retail sales value in June 2020 was about $2.6 billion. Of these, online retail sales made up an estimated 18.1%. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment and Supermarkets & Hypermarkets industries made up 69.9%, 45.6% and 10.7% of the total sales of their respective industry.

Read more about the Retail Sales Index for June 2020 here.