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Singapore retail sales grow 4.8% YoY in March on recreational goods boost

Singapore’s retail sector continued to expand in March 2026, with total sales rising 4.8% YoY — moderating from February’s 8.3% surge — according to the Department of Statistics. Total retail sales reached 4.7 billion Singaporean dollars ($3.69 billion), with online sales accounting for 15.7% of the total. Growth was led by recreational goods (up 13.1%), motor vehicles and accessories (12.9%), and computer and telecommunications equipment (11.9%). Food and alcohol sales fell 6%, and department stores declined 5.7%. On a seasonally adjusted MoM basis, overall retail sales rose 3.7%.

Related reading: Singapore braces for growth hit, higher inflation from Iran war

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