Retail sales
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Retail sales in Singapore decreased 0.6 percent year-on-year in June, reversing the 2.2 percent growth in May, the Department of Statistics said on Monday. The motor vehicle sales grew 19.5 percent in June from a year earlier but dropped 9.1 percent month-on-month. Excluding motor vehicles, retail sales fell 3.1 percent from last year. The estimated…
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China is expected to displace the U.S. this year as the leading retail market around the world. According to eMarketer’s worldwide retail and eCommerce forecast, China’s total retail sales in 2019 are forecast to increase by 7.5 percent, hitting $5.636 trillion. In comparison, U.S. retail sales are projected to increase by 3.3 percent ($5.529 trillion)…
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