Singapore May retail sales crash 52.1% in record drop

SINGAPORE: Singapore total retail sales fell a record 52.1% on a year-on-year basis in May, when the city-state was under a lockdown to prevent the spread of Covid-19 infections, according to data released by Singapore Department of Statistics on Friday.

The drop was the steepest since records began in 1986. – July 3, 2020, Reuters

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