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Singapore May retail sales crash 52.1% in record drop - Metro US

Singapore May retail sales crash 52.1% in record drop

FILE PHOTO: People cross a street at the shopping district of Orchard Road as the city state reopens the economy, amid the coronavirus disease (COVID-19) outbreak, in Singapore

SINGAPORE (Reuters) – 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.

(Reporting by Aradhana Aravindan in Singapore; Editing by Rashmi Aich)

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