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Steady optimism, steady spending in Singapore.

Publication: Market Asia Pacific
Publication Date: 01-AUG-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
In a June 15, 2007 release distributed to the press Statistics Singapore reported, "Overall retail sales declined 5.2 percent in April 2007 over March 2007." When adjusted for seasonal variations, retail sales rose 3.5 percent.

As an indication of consumer spending and confidence in the economy, the volatility of retail sales provides a sometimes contradictory point of view. And that is what the graph above--in the absence of the (gray) trend line--delivers.

The trend of monthly changes...

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