We’re busy here at SRA! Stay up to date with our events calendar,... More
SRA Training Programme 2020
Tap on this series of short, industry-relevant courses to equip your team to better... More
Training is the Essence to Transformation
The world of work is changing fast, with emerging new technologies and increased... More
Are you on GoSpree yet?
Reach out to nearly 60,000 members and start driving incremental traffic to your... More
Retail Sales for May 2020
Retail sales fell 52.1% in May 2020 from May 2019, compared to the 40.3% year-on-year decline recorded in Apr 2020. This was the lowest recorded decline since 1986 when growth rate data was first compiled. The lower sales were due mainly the Circuit Breaker measures that were in place for the month of May 2020. Excluding motor vehicles, retail sales fell 45.2% lower than the 32.5% in Apr 2020. Compared to the previous month, seasonally adjusted retail sales declined 21.5% in May 2020. Excluding motor vehicles, seasonally adjusted retail sales decreased 20.1%.
The estimated total retail sales value in May 2020 was about $1.8 billion. Of these, online retail sales made up an estimated 24.5%. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment and Supermarket & Hypermarkets industries made up 94.3%, 93.6% and 9.6% of the total sales of their respective industry.
Read more about the Retail Sales Index for May 2020 here.