Singapore’s retail sales surge by 80% in May

Retail sales, however, continued to be below pre-Covid levels

SINGAPORE: Retail sales surged in May this year, compared with the same period last year, due to the low base when Singapore was in the circuit breaker phase to contain the Covid-19 pandemic.

Takings at the till rebounded by 79.7 on a yearly basis, even higher than the 54% increase recorded in April this year.