Singapore's retail sales extended their growth streak in May, sustaining the positive momentum that began in February, according to a report from Inside Retail Asia.
The continued expansion reflects a steady recovery in consumer spending, driven by robust tourism inflows and strong domestic demand. Analysts attribute the trend to easing inflationary pressures and government measures supporting the retail sector.
With the growth streak now spanning four months, retailers are optimistic about the upcoming months, though global economic uncertainties remain a watchpoint. The full May data provides further evidence of Singapore's retail resilience in a challenging regional environment.