SINGAPORE retail sales plummeted by a record degree in May, as the second month of the national “circuit breaker” extended the sector’s losses. Read more at The Business Times.
Motor vehicles sales plunged by 85.7 per cent and spending at petrol stations lost 58.2 per cent.
Otherwise, optical goods and books sales fell by 81.9 per cent; recreational goods by 74.2 per cent; furniture and household equipment by 64.2 per cent; and food and alcohol by 58 per cent. Yet sales at supermarkets and hypermarkets grew by 56.1 per cent, while mini-marts and convenience stores were up by 9.1 per cent, “due to higher demand for groceries”, SingStat said. These stores, which could remain open, were the only types of retailers to post growth.
Shops deemed non-essential were shuttered during the"circuit breaker", or quasi-lockdown, in April and May. Meanwhile, eateries could operate only delivery and takeaway services.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Plunge in Singapore retail sales deepens to 52.1% in May on circuit breaker measuresIt is the biggest year-on-year fall since record-keeping began in 1986, but the worst may be over for retailers with the economy's phased reopening.. Read more at straitstimes.com.
Read more »
Australia retail sales see record surge in May as economy reopensSYDNEY (REUTERS)- Australian retail sales saw a record surge in May, official data showed on Friday (July 3), as a wide scale easing in coronavirus lockdowns allowed entire sectors to reopen, enabling a recovery from an historic plunge in April.. Read more at straitstimes.com.
Read more »
Wall Street Week Ahead: Clouds may be parting for dividend investorsU.S. companies are cutting their dividends less than investors anticipated, providing a potential boost to a stock market rally that has clashed ...
Read more »
Covid-19 strain in Beijing outbreak may have come from Southeast Asia: Harvard studySHANGHA — A strain of Covid-19 that has infected more than 300 people in Beijing since early June could have originated in South or Southeast Asia, according to a study by Harvard University researchers.
Read more »
Coronavirus may be able to directly infect heart cells, study suggestsHONG KONG — A new study suggests that Sars-CoV-2, the virus that causes Covid-19, may be able to directly infect the heart cells of a patient with the disease.
Read more »
Covid-19 strain in Beijing outbreak may have come from SE Asia: Harvard studySHANGHAI (REUTERS) - A strain of Covid-19 that has infected more than 300 people in Beijing since early June could have originated in South or Southeast Asia, according to a study by Harvard University researchers.. Read more at straitstimes.com.
Read more »