{
  "id": 12081108,
  "title": "Singapore retail sales growth slows to 0.7% in August, misses forecasts",
  "url": "https://urgent.news/2026/10/05/singapore-retail-sales-growth-slows-to-0-7-in-august-misses-forecasts",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T05:17:37.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/singapore/economy-policy/singapore-retail-sales-growth-slows-0-7-august-misses-forecasts"
  },
  "original_language": "en",
  "account": "Singapore's retail sales experienced a slowdown in August, growing at a modest 0.7% compared to July's 1.3% increase, falling short of private-sector economists' expectations, as reported by the Singapore Department of Statistics. The median forecast from Bloomberg's pool of economists had been 2% growth. Despite the lower growth, various retail sectors still managed to record year-on-year sales growth in August. The boost came primarily from the cosmetics, toiletries, and medical goods category, as well as computer and telecommunications equipment. However, when motor vehicles, parts, and accessories are excluded, retail sales only managed a 1.6% increase, slightly higher than July's 1.3% growth. On a seasonally adjusted basis, month-over-month retail sales declined by 1% in August, reversing the previous month's 0.6% expansion. Excluding motor vehicles, parts, and accessories, retail sales rose by 0.6% on a month-over-month basis, compared to July's 0.4% expansion.",
  "summary": "Sales grow in eight out of 14 categories on an annual basis",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}