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ThomasW
2023-10-05

Sales growth or prices surge due to inflation? There is a difference.

Singapore Retail Sales Growth Rises to Higher-Than-Expected 4% in August

Singapore’s retail sales rose 4 per cent on year in August, climbing from the revised 1.3 per cent growth recorded in July, Department of Statistics (Singstat) data showed on Thursday (Oct 5).The mont

Singapore Retail Sales Growth Rises to Higher-Than-Expected 4% in August

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There is a difference.","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/226991937962080","repostId":1118822086,"repostType":2,"repost":{"id":"1118822086","kind":"news","pubTimestamp":1696486710,"share":"https://www.laohu8.com/m/news/1118822086?lang=&edition=full","pubTime":"2023-10-05 14:18","market":"sg","language":"en","title":"Singapore Retail Sales Growth Rises to Higher-Than-Expected 4% in August","url":"https://stock-news.laohu8.com/highlight/detail?id=1118822086","media":"The Business Times","summary":"Singapore’s retail sales rose 4 per cent on year in August, climbing from the revised 1.3 per cent growth recorded in July, Department of Statistics (Singstat) data showed on Thursday (Oct 5).The mont","content":"<div>\n<p>Singapore’s retail sales rose 4 per cent on year in August, climbing from the revised 1.3 per cent growth recorded in July, Department of Statistics (Singstat) data showed on Thursday (Oct 5).The ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/singapore/singapore-retail-sales-growth-rises-higher-expected-4-august\">Web Link</a>\n\n</div>\n","source":"bustime_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Meanwhile, furniture and household equipment (-1.3 per cent), recreational goods (-0.3 per cent) and optical goods and books (-2.2 per cent) were the exceptions to the growth trend.Sales of food and beverage services jumped 8.6 per cent on the year in August, more than the 6.6 per cent expansion in the preceding month. It was up by 2.8 per cent on a monthly seasonally adjusted basis.On the year, growth was recorded across all segments:Restaurants (5.3 per cent)Fast food outlets (7.8 per cent)Food caterers (29.8 per cent)Cafes, food courts and other eating places (7.7 per cent)On a seasonally adjusted monthly basis, all categories were up, with food caterers leading the sales growth at 3.7 per cent.Food and beverage services receipts amounted to S$1 billion, with online sales accounting for an estimated 23.1 per cent.","news_type":1},"isVote":1,"tweetType":1,"viewCount":190,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":58,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}