Driven by stronger online sales with 12.7% share.
Retail sales grew 2.2% YoY in October 2024, reaching $4.1b, with 12.7% attributed to online sales.
Excluding motor vehicles, retail sales rose 0.3% YoY to $3.6 billion, with online sales accounting for 14.7%.
Motor vehicle sales led YoY growth at 18.4%, supported by a higher Certificate of Entitlement (COE) quota.
Furniture and household equipment sales grew 5.7% YoY, while food and alcohol sales increased by 5.5%.
Computer and telecommunications equipment sales declined 10.9% YoY, while optical goods and books fell 5.8%.
Online sales were highest in computer and telecommunications equipment at 47.7%, followed by furniture and household equipment at 31.5%.
On a month-on-month basis, retail sales rose 0.1% overall, with food and alcohol sales increasing by 8.5%.
The retail sector showed mixed performance, with growth in some segments offset by declines in others.
