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Retail Sales Index for September 2020
Retail sales decreased 10.8% in September 2020 on a year-on-year basis, a larger decline compared to the 5.4% year-on-year decline recorded in August 2020. Excluding motor vehicles, retail sales fell 12.7% in September 2020, compared to the 8.2% decline in August 2020. The larger decline in September 2020 was mainly attributed to the Computer & Telecommunications Equipment industry, which recorded lower sales of mobile phones compared to the high base in September last year when there were new mobile phone launches. Compared to the previous month, seasonally adjusted retail sales fell 4.5% in September 2020. Excluding motor vehicles, seasonally adjusted retail sales decreased 4.2%.
The estimated total retail sales value in September 2020 was about $3.2 billion. Of these, online retail sales made up an estimated 11.2%. Online retail sales of the Computer & Telecommunications Equipment, Furniture & Household Equipment and Supermarkets & Hypermarkets industries made up 46.9%, 24.8%, 11.9% of the total sales of their respective industry.