Retail sales index down 9% as circuit breaker halts tourism

Uploaded By:  Paul Howell Submitted By:  Staff Reporter Case Study:  No As muted tourism continues, retailers in Singapore are looking to see improvement. The retail sales index (RSI) in August fell 9% YoY, excluding the motor vehicle sector. While this represented the 19th consecutive MoM decrease in the index, the fall in August was less severe than the previous months since the onset of the circuit breaker. International visitor arrivals totaled 2.7 million from January to August 2020, representing a 79.2% YoY decline from the same period a year ago. read more