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Retail Sales Index for October 2020
Retail sales fell 8.6% in October 2020 on a year-on-year basis, an improvement over the 10.7% year-on-year decline recorded in September 2020. Excluding motor vehicles, retail sales decreased 11.2% in October 2020, compared to the 12.5% decline in September 2020. Compared to the previous month, seasonally adjusted retail sales grew marginally by 0.2% in October 2020. Excluding motor vehicles, seasonally adjusted retail sales was unchanged compared to September 2020.
The estimated total retail sales value in October 2020 was about $3.3 billion, of which online retail sales made up an estimated 10.5%. Excluding motor vehicles, the total retail sales value was about $2.7 billion, where online retail sales made up 12.6%. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment and Supermarkets & Hypermarkets industries made up 46.4%, 20.2% and 12.0% of the total sales of their respective industry.