http://business.asiaone.com/Business/News/Story/A1Story20110416-273994.html
Sat, Apr 16, 2011
AsiaOne
Singaporeans spending less on eating out and shopping
Singaporeans spending less on eating out and shopping
Singaporeans are curbing their spending on retail and food, according to figures released by the Singapore Department of Statistics.
They are more careful about spending on retail items such as footwear and apparel, and going out to restaurants and cafes for meals. But other goods such as jewellery and watches have not seen a drop in sales.
And while they may be more judicious about fine dining, casual dining eateries have not seen a drop in sales.
Retail Sales Index (RSI) and Food & Beverage Services Index (FSI) showed that retail sales of motor vehicles, food & beverages, supermarkets and wearing apparel & footwear recorded double-digit declines of between 14.9 per cent and 37.5 per cent in February 2011, as compared to the same month last year.
Seasonally adjusted figures for retail sales showed that spending decreased 3.6 per cent in February 2011, compared to January 2011, while retail sales in February 2011 decreased 12.1 per cent compared to the same month last year. These figures do not include motor vehicles sales.
Food & beverage sales (seasonally adjusted) decreased 5.2% in February 2011 compared to January 2011. Compared to a year ago, food & beverage sales went up 5.2% in February 2011.
However, Singaporeans did not hold back spending on medical goods and toiletries, watches and jewellery, petrol service stations, optical goods and books, furniture and household equipment and telecommunications apparatus and computers. Retailers for these goods recorded a higher turnover of between 2.1 per cent and 16 per cent in February 2011, as compared to the same month last year.
Meanwhile, turnover of restaurants, and other places such as cafes and canteens decreased by 10.4 per cent and 6.1 per cent respectively in February 2011 over January 2011.
However, food caterers and fast food outlets saw increased sales of 6.1 per cent and 4.7 per cent respectively, as compared to the previous month.
Sat, Apr 16, 2011
AsiaOne
Singaporeans spending less on eating out and shopping
Singaporeans spending less on eating out and shopping
Singaporeans are curbing their spending on retail and food, according to figures released by the Singapore Department of Statistics.
They are more careful about spending on retail items such as footwear and apparel, and going out to restaurants and cafes for meals. But other goods such as jewellery and watches have not seen a drop in sales.
And while they may be more judicious about fine dining, casual dining eateries have not seen a drop in sales.
Retail Sales Index (RSI) and Food & Beverage Services Index (FSI) showed that retail sales of motor vehicles, food & beverages, supermarkets and wearing apparel & footwear recorded double-digit declines of between 14.9 per cent and 37.5 per cent in February 2011, as compared to the same month last year.
Seasonally adjusted figures for retail sales showed that spending decreased 3.6 per cent in February 2011, compared to January 2011, while retail sales in February 2011 decreased 12.1 per cent compared to the same month last year. These figures do not include motor vehicles sales.
Food & beverage sales (seasonally adjusted) decreased 5.2% in February 2011 compared to January 2011. Compared to a year ago, food & beverage sales went up 5.2% in February 2011.
However, Singaporeans did not hold back spending on medical goods and toiletries, watches and jewellery, petrol service stations, optical goods and books, furniture and household equipment and telecommunications apparatus and computers. Retailers for these goods recorded a higher turnover of between 2.1 per cent and 16 per cent in February 2011, as compared to the same month last year.
Meanwhile, turnover of restaurants, and other places such as cafes and canteens decreased by 10.4 per cent and 6.1 per cent respectively in February 2011 over January 2011.
However, food caterers and fast food outlets saw increased sales of 6.1 per cent and 4.7 per cent respectively, as compared to the previous month.
