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Retail Sales YoY

Name: Retail Sales YoY
Creator: TipRanks

The 'Retail Sales YoY' in Singapore measures the percentage change in retail sales compared to the same month in the previous year, reflecting consumer spending and economic health. It is significant as it provides insights into consumer confidence and economic activity, influencing monetary policy and investment decisions. Strong retail sales growth can boost market sentiment, while weak figures may signal economic slowdown, impacting financial markets and policy-making. In Singapore, a trade-dependent economy, retail sales data is crucial for assessing domestic demand amidst global economic fluctuations.