The 'Retail Sales MoM' in Singapore measures the monthly percentage change in the total value of retail sales, reflecting consumer spending and economic health. It is significant as it provides insights into consumer confidence and demand, influencing monetary policy decisions and market expectations. A positive change indicates economic growth and can boost investor confidence, while a negative change might signal economic slowdown. In Singapore, a trade-dependent economy, retail sales are crucial for understanding domestic consumption trends amidst global economic fluctuations.
The 'Retail Sales MoM' in Singapore measures the monthly percentage change in the total value of retail sales, reflecting consumer spending and economic health. It is significant as it provides insights into consumer confidence and demand, influencing monetary policy decisions and market expectat...