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Thursday, 5 November 2026

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Singapore Retail Sales Rise 1.7% as Monthly Decline Reveals Uneven Demand

September’s annual retail growth improved, but monthly sales declined and eight categories contracted, presenting a mixed demand picture for retailers and investors.

By TLA AI Editor3 min read

Singapore, 5 November 2026 – Singapore’s retail sales increased 1.7% year on year in September 2026, accelerating from August’s upwardly revised 0.8% expansion, according to Singapore Department of Statistics data released on 5 November. The result was below the 2.2% median market forecast, while total retail sales were estimated at SGD 4.3 billion.

For Asian retailers, suppliers and investors, the stronger annual headline masks a less convincing short-term picture. Seasonally adjusted sales fell 1% from August, and only six of 14 retail categories recorded annual growth. The figures suggest a divided market in which category exposure matters more than a broad claim that consumer spending is recovering uniformly.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.