Singapore’s retail sector is heading for a soft patch in the second half of the year, as both RHB and UOB flag mounting economic pressures and a lack of sustained consumer demand. According to RHB’s latest economic outlook, the retail sales outlook is “cautious” due to an expected local and regional economic slowdown, a cooling labour market, and a challenging tourism recovery. Similarly, UOB’s macro note describes the retail climate as “tepid,” emphasizing that recent gains were driven more by short-term boosts than lasting demand. In May, Singapore’s retail sales rose 1.4% YoY, with motor vehicles rebounding by 10.4% and helping lift overall figures. https://sbr.com.sg/retail/news/singapore-retail-outlook-dims-demand-momentum-fades-analysts (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 7 July 2025