{
  "id": 6104131,
  "title": "Singapore retail sales rise by just 1.5% in July, under consensus forecast",
  "url": "https://urgent.news/2026/09/07/singapore-retail-sales-rise-by-just-1-5-in-july-under-consensus",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T05:00:00.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/singapore/singapore-retail-sales-rise-just-1-5-july-under-consensus-forecast"
  },
  "original_language": "en",
  "account": "In July, Singapore's retail sales increased by only 1.5 percent year-on-year, according to data released by the Singapore Department of Statistics on September 7. This growth rate was lower than the 4 percent recorded in June and fell short of the 3.1 percent median forecast expected by private-sector economists, as reported by Bloomberg.\n\nThe growth in retail sales was uneven across different categories, with half of the sectors experiencing year-on-year growth in July. However, motor vehicles, parts, and accessories were excluded from this calculation.\n\nOn a month-to-month basis, seasonally adjusted retail sales rose by 0.9 percent in July, matching the growth observed in June. Excluding motor vehicles, parts, and accessories, sales grew by 0.7 percent month-over-month in July, up from the 0.1 percent growth seen in the previous month.\n\nYear-on-year, excluding motor vehicles, parts, and accessories, retail sales grew by 1.5 percent in July, with growth seen in seven out of the 14 categories. The month-on-month, seasonally adjusted growth rate was 0.6 percent.",
  "summary": "Sales grow in seven out of 14 categories on a yearly 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."
}