154th is at it again. For retail sales comparison, it is always an industry practice to compare "like-to-like", ie against same period last year (seasonally adjusted for public holidays), instead of month-to-month comparison. Squaring off Aug retail sales against July is simply meaningless. Both Bloomberg and RTTNews give a more accurate headlines to the news, as compared to our local mainstream media.
http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_442490.html
Aug retail sales up 5.2%
http://www.bloomberg.com/apps/news?pid=20601080&sid=aMj.i..O0moM
Singapore Retail Sales Post Smallest Decline in Eight Months
http://www.rttnews.com/Content/AsianEconomicNews.aspx?Node=B2&Id=1093998
Singapore Retail Sales Fall Slows In August
==================
For news from non-local mainstream media, pls visit: http://singaporenewsalternative.blogspot.com[/SIZE]
.
http://www.straitstimes.com/Breaking+News/Singapore/Story/STIStory_442490.html
Aug retail sales up 5.2%
http://www.bloomberg.com/apps/news?pid=20601080&sid=aMj.i..O0moM
Singapore Retail Sales Post Smallest Decline in Eight Months
http://www.rttnews.com/Content/AsianEconomicNews.aspx?Node=B2&Id=1093998
Singapore Retail Sales Fall Slows In August
==================
For news from non-local mainstream media, pls visit: http://singaporenewsalternative.blogspot.com[/SIZE]
.
Last edited:
