3 days ago
Retail sales growth slows in April amid cautious consumer spending
Retail sales momentum in Singapore is slowing, with a 0.3 per cent rise in April, coming off March's 1.3 per cent growth. Analysts say this reflects more cautious consumer spending and warn that growth may stay modest in the coming months amid global uncertainty. Meanwhile, heartland enterprises in Woodlands and Marsiling say takings have come down amid the June holidays as more Singaporeans cross the border to shop. While government efforts like CDC vouchers have cushioned the impact, business owners hope more can be done. Richa Mathew reports.
