Singapore May retail sales jump almost 80% a year after COVID-19 circuit breaker

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Singapore retail sales rose for the fourth straight month in May, hitting $3.3 billion. The growth was also due to the low base a year ago, when most shops were shuttered due to the circuit breaker. Retail sales in May jumped almost 80% on-year, extending April’s rise of 54%. Sales of watches and jewellery increased the most, surging by more than 20 times on-year. These were followed by sales at department stores, clothing and footwear, and motor vehicles.

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