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Rising inflation, fears of economy slump put brakes on May retail sales
An honorable member of the Coffee Shop Has Just Posted the Following:
Rising inflation, fears of economy slump put brakes on May retail sales Tue, Jul 15, 2008 The Straits Times By Bryan Lee, Economics Correspondent RISING inflation and fears of a slowing economy kept Singapore shoppers at bay in May, with retail sales growth slowing despite strong increases in average wages. Shops, supermarkets and other retailers recorded a lower-than-expected 4.8 per cent rise in receipts from a year earlier, a marked decrease from April's 7.5 per... Read more Click here to view the whole thread at www.sammyboy.com. |
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