Asia's Policy Makers Just Scored a New E-Commerce Growth Measure
- Singapore’s February online retail sales at 3.9% of total
- New tool to help measure impact of digital sales on economy
This article is for subscribers only.
Policy makers in Asia grappling with how to measure the growth of e-commerce just scored one more tool in Singapore.
The Singapore Department of Statistics has started publishing the proportion of the city state’s retail sales that were transacted online. In February, those purchases made up 3.9 percent of overall retail sales, or S$144.3 million ($110 million), compared with 4.1 percent in the prior month, the agency reported Thursday.