RETAIL sales decreased 5 per cent in January 2015 year on year, the Department of Statistics announced on Friday. This was due largely to a 42.1 per cent dip in retail sales of food and beverages (F&B) compared to last year, when F&B sales were up because the Chinese New Year fell in January. Excluding motor vehicles, retail sales fell 8.7 per cent compared to January 2014.
Retail sales of petrol service stations also declined 27.5 per cent year on year, partly due to lower petrol prices. Removing price effect, sales of petrol service stations decreased by a smaller 11.3 per cent.
In contrast, sales of motor vehicles and telecommunications apparatus and computers remained buoyant, registering increases in sales of 33.2 per cent and 25.9 per cent respectively in January 2015 over the same month in the previous year.
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