S'pore retail sales up by 2.3%, driven by motor vehicle sales

Growth in June is above the median estimate of 2% by private sector economists polled

- Rosalind Ang

Retail sales grew 2.3 per cent year on year in June, driven by the sales of motor vehicles, according to data from the Department of Statistics released on Aug 5.

This was above the median estimate of 2 per cent growth from private sector economists polled by Bloomberg.

June's growth extends the 1.3 per cent growth in May 2025.

Excluding motor vehicles, retail sales increased 0.4 per cent in June, compared with the flat growth in May 2025.

The estimated total retail sales value in June 2025 was $4 billion. Of this, an estimated 13.6 per cent were from online retail sales, higher than the 12.3 per cent recorded in the previous month.

Excluding motor vehicles, the total retail sales value was about $3.3 billion, of which 16.2 per cent were from online retail sales.

Online retail sales made up 56.2 per cent of the total sales of computer and telecommunications equipment, 32.8 per cent of the furniture and household equipment and 12.3 per cent of the supermarkets and hypermarkets industries.