7/30/2023 0 Comments 2.8![]() ![]() On a month-on-month seasonally adjusted basis, takings slipped 0.6 per cent in August over the previous month, compared with the 0.9 per cent increase in July, according to Tuesday's data. This compares with the 15.3 per cent contraction last year during the worst of the pandemic, she noted. Ms Selena Ling, OCBC Bank’s chief economist and head of treasury research and strategy, said that despite the latest data, retail sales are likely to expand by around 9.6 per cent year- on-year in 2021. ![]()
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