Singapore Retail Sales Misses Estimates; December Growth Slowed

Singapore’s retail sales missed estimates and rose at a slower pace in December, reflecting faltering growth prospects in the economy.

Sales increased 2.9 percent from a year earlier in December, slowing from a revised 4.6 percent the previous month. Excluding motor vehicles, retail sales fell 3.6 percent, deepening from the 2.1 percent decline in November.

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