Key Highlights
Retail Trade
Retail sales rose 1.5% in July 2026 on a year-on-year basis, moderating from the 4.0% growth in June 2026. Excluding Motor Vehicles, Parts & Accessories, retail sales increased 1.5%, compared to the 4.1% growth in June 2026. On a seasonally adjusted basis, retail sales rose 0.9% in July 2026 over the previous month. Excluding Motor Vehicles, Parts & Accessories, seasonally adjusted retail sales increased 0.7% compared to June 2026.
Within the Retail Trade sector, retailers of Recreational Goods and Watches & Jewellery recorded year-on-year sales growth of 13.9% and 11.1% respectively in July 2026, mainly driven by higher sales of sporting goods and jewellery. Similarly, sales of Computer and Telecommunications Equipment rose 5.1%. In contrast, the Food & Alcohol and Department Stores industries recorded year-on-year declines in sales of 5.1% and 3.5% respectively.
Food & Beverage Services
Sales of Food & Beverage (F&B) services declined 1.9% in July 2026 on a year-on-year basis, following the 2.3% decrease in June 2026. On a seasonally adjusted basis, sales of F&B services rose 0.6% in July 2026 compared to the previous month.
Within the F&B services sector, Food Courts & Other Eating Places as well as Cafes registered decreases in sales of 6.6% and 6.4% respectively. Similarly, Restaurants declined 0.3% during this period. In contrast, turnover of Fast Food Outlets and Food Caterers rose 4.6% and 0.3% in July 2026.
About the Retail Sales Index and Food & Beverage Services Index
The Retail Sales Index (RSI) and Food & Beverage Services Index (FSI) measure the monthly sales performance of the Retail Trade and Food & Beverage (F&B) services industries based on the sales records of Retail Trade and F&B services establishments respectively. Sales figure refers to the value of retail goods or food & beverages sold to consumers during the month, excluding taxes on products such as Goods and Services Tax (GST), Additional Registration Fee (ARF) and Certificates of Entitlement (COE).
The RSI and FSI are available at current prices and in volume terms. The indices at current prices measure the changes of sales values which can result from changes in both price and quantity, while the indices in volume terms measure the changes in the volume of economic activity by removing the price effect.