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Back to Economic Calendar

Retail Sales MoM

SG

Key Values

Actual
1
Forecast
-0.40
Previous
-2.20

About This Indicator

Description

Retail Sales MoM measures the monthly change in the total value of sales at the retail level, serving as the primary gauge of consumer spending. Since consumer spending accounts for a significant portion of overall economic activity, this indicator is a critical driver of GDP growth. It provides early insights into household consumption patterns and the underlying strength of the domestic economy.

Methodology

The data is compiled from a survey of retail firms of various sizes and types. The figure is seasonally adjusted to account for holiday periods and trading day differences, though it is not adjusted for inflation.

Source: Singapore Department of Statistics

Full History

Historical Data
View data as table
DateActualForecastSurprise
Sep 4, 2026—1.40—
Aug 5, 20261.00-0.40+1.40
Jul 6, 2026-2.300.00-2.30
Jun 5, 20260.40-1.00+1.40
May 5, 20263.402.50+0.90
Apr 6, 2026-4.30-3.20-1.10
Mar 5, 20266.104.00+2.10
Feb 5, 2026-5.400.90-6.30
Jan 5, 20260.00——
Dec 5, 20252.301.20+1.10
Nov 5, 2025-1.400.80-2.20
Oct 3, 20250.50-0.80+1.30
Sep 5, 20254.101.00+3.10
Aug 5, 2025-1.201.00-2.20
Jul 4, 20251.000.40+0.60
Jun 5, 20250.301.50-1.20
May 5, 2025-2.80-1.20-1.60
Apr 4, 20253.000.30+2.70
Mar 5, 20252.400.50+1.90
Feb 5, 2025-1.500.50-2.00
Jan 3, 2025-2.80——
Dec 5, 20240.100.50-0.40
Nov 5, 20240.400.20+0.20
Oct 4, 20240.70-0.50+1.20
Sep 5, 20243.10-2.40+5.50
Aug 5, 2024-3.70-0.30-3.40
Jul 5, 20242.401.30+1.10
Jun 5, 2024-2.700.90-3.60
May 3, 2024-1.00-1.90+0.90
Apr 5, 20243.00-0.20+3.20
Mar 5, 2024-0.700.30-1.00
Feb 5, 2024-1.500.60-2.10
Jan 5, 20240.500.10+0.40
Dec 5, 2023-0.800.30-1.10
Nov 3, 2023-1.601.10-2.70
Oct 5, 20231.700.20+1.50
Sep 5, 20230.60-0.10+0.70
Aug 4, 2023-0.80-0.50-0.30
Jul 5, 2023-0.200.20-0.40
Jun 5, 20230.300.50-0.20
May 5, 20232.20-0.20+2.40
Apr 5, 20233.903.50+0.40
Mar 3, 2023-9.401.60-11.00
Feb 3, 20231.300.40+0.90
Jan 5, 2023-3.700.10-3.80
Dec 5, 20220.10-0.60+0.70
Nov 4, 20223.300.40+2.90
Oct 5, 2022-1.300.30-1.60
Sep 5, 20220.60-0.50+1.10
Aug 5, 2022-1.401.00-2.40
Jul 5, 20221.802.10-0.30
Revision history
DateFirst printCurrentRevision
Jul 6, 2026-2.30-2.300 ↓
Jun 5, 20260.300.40+0.10 ↑
May 5, 20263.703.40-0.30 ↓
Apr 6, 2026-4.10-4.30-0.20 ↓

Statistics

Mean
0.12
Std Deviation
2.39
Trend
Rising
Forecast Accuracy
76.3%
Data Points
162
YoY
0.00

Upcoming Releases

Sep 4
05:00
Retail Sales MoM
In 2 days
F: 1.40P: 1
Oct 2
05:00
Retail Sales MoM
In 30 days