Retail Sales Drop in Q3, Overseas Spending to Amplify Decline: Savills
Retail Sales Drop in Q3, Overseas Spending to Amplify Decline: Savills
In Q3 2024, sales in Singapore's wholesale and retail trade, as well as transportation and storage sectors, rose by 3.5%. The accommodation sector is also improving as tourism continues to recover.High prices in Singapore and strong SGD may prompt consumers to spend overseas.
新加坡的高价格和坚挺的新元可能会促使消费者在海外消费。
Retail sales, excluding motor vehicles, declined in July and August as overall sales remained weak, Savills reported.
第一太平戴维斯报告称，由于整体销售仍然疲软，不包括机动车在内的零售销售在7月和8月有所下降。
Retail sales fell in most categories except for food and alcohol and supermarkets and hypermarkets. Overall, F&B sales also declined, with only food catering services showing growth.
除食品和酒精以及超市和大卖场外，大多数类别的零售额均有所下降。总体而言，餐饮业销售额也有所下降，只有餐饮服务出现增长。
In Q3 2024, sales in Singapore's wholesale and retail trade, as well as transportation and storage sectors, rose by 3.5%. The accommodation sector is also improving as tourism continues to recover.
2024年第三季度，新加坡的批发和零售贸易以及运输和仓储业的销售额增长了3.5％。随着旅游业的持续复苏，住宿业也在改善。
On the flip side, sales weakened in categories such as wearing apparel and footwear, watches and jewelry, and department stores. The food services sector also remains sluggish.
另一方面，服装和鞋类、手表和珠宝以及百货商店等类别的销售疲软。餐饮服务业也仍然疲软。
Savills noted that high prices in Singapore, along with a strong currency, may lead consumers to spend overseas, which could further slow domestic sales.
第一太平戴维斯指出，新加坡的高昂价格以及坚挺的货币可能导致消费者在海外消费，这可能会进一步减缓国内销售。
