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via EdgeSingapore RSS on 6/14/09
Singapore's retail sales fell the most in more than 10 years in April as rising unemployment and the nation's deepest economic slump in more than four decades led consumers to buy fewer cars and household equipment.
The retail sales index dropped 11.7% from a year earlier, after sliding a revised 7.2% in March, the Statistics Department said today. The median estimate of 11 economists surveyed by Bloomberg News was for an 8.1% decline. Adjusted for seasonal factors, sales fell 3.1% from March.
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