Singapore retail sales slipped by 15.3% in 2020

Uploaded By:  Alyssa Divina Submitted By:  Staff Reporter Case Study:  No OCBC has forecasted that retail sales will rebound by 12.5% YoY in 2021. Retail sales continue to fall for the 23rd month as December 2020 sales dipped by 3.6% YoY, bringing the full year of 2020 contractions to fall by 15.3% YoY, according to OCBC. The figure even went lower than the forecast for December, which was -2.9%YoY, and even lower than the Bloomberg median estimate of 2.2% YoY. read more