Singapore Retail Sales Turn Positive Month-on-Month in September, Signaling Economic Recovery

On October 5, 2026, Singapore’s Department of Statistics released the seasonally adjusted retail sales month-on-month data for September.In the previous month, retail sales declined by 1.00% month-on-month. The market held strong expectations for a positive turnaround in September’s data. If the latest figures perform well, this would support appreciation of the Singapore dollar.Definition: Retail sales measure the total value of goods sold by all major retailers, either in cash or on credit, excluding service sector fees. Tracking changes in monthly retail sales provides insight into the actual condition of the consumer market.This data is classified as Level 1 in terms of importance and is released monthly. The next release is scheduled for December 7, 2026.