Singapore retail sales slows in December 2025 as online shopping declines

Online sales share fell to 14.8% in December from 17% in November.

Retail sales in Singapore rose 2.7% year-on-year in December 2025, slowing from November’s 6.2% growth, according to Singapore Department of Statistics.

Excluding motor vehicles, retail sales expanded by 1.7%, moderating from the 5.7% increase seen in November.

On a seasonally adjusted basis, retail sales declined 5.4% in December compared to the previous month. Excluding motor vehicles, the month-on-month drop was steeper at 6.7%.

The total estimated retail sales value for December stood at $4.8b, with online sales accounting for 14.8%, down from 17.0% in November, a month that included major online shopping events. Excluding motor vehicles, retail sales totaled $4.1b, with online transactions making up 17.0%.

Breaking down online sales by sector, the Computer & Telecommunications Equipment industry recorded the highest online share at 56.5%, followed by Furniture & Household Equipment at 33.4% and Supermarkets & Hypermarkets at 11.7%.

Meanwhile, sales in the food and beverage (F&B) services sector grew 0.7% year-on-year in December, extending November’s 2.5% rise.

On a seasonally adjusted basis, F&B sales fell 2.2% from the previous month.

The sector’s total sales value reached an estimated $1b, with online sales accounting for 25.8%, slightly up from 25.3% in November.