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Singapore November retail sales rise highest in nearly two years

Reuters  |  SINGAPORE 

(Reuters) - Singapore's on-year sales in November jumped the highest in nearly 2 years thanks to a surge in computer and sales, data showed on Friday.

Total sales rose 5.3 percent from a year earlier, after falling a revised 0.2 percent in the previous month, according to data from the Department of Statistics.

Sales of computer and grew 16.6 percent from a year earlier and 46.5 percent from the month before.

This is the highest on-year sales growth since March 2016 when it grew the same amount, data shows.

On a month-on-month and seasonally adjusted basis, total sales rose 5.1 percent in November after rising 1.5 percent in the previous month.

(Reporting by Fathin Ungku; Editing by Gopakumar Warrier)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, January 12 2018. 10:44 IST
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