Retail sales in Singapore increased by 5.4% in April compared to the same month last year, according to data released on Friday. This follows a revised growth rate of 4.6% recorded in March.
Most retail segments experienced year-on-year sales growth during the month. The sectors leading the increase were petrol service stations, recreational goods, and motor vehicles along with their parts and accessories.
The April result surpassed the median forecast of 4.4% growth from economists surveyed in a recent poll.
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