Singapore Retail Report Q2 2016

Date: February 10, 2016
Pages: 56
US$ 1,295.00
Report type: Strategic Report
Delivery: Download
ID: SF238AD5046EN

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Includes 3 FREE quarterly updates

BMI View: We see little prospects for a significant recovery in Singapore's economic growth over the coming year, amid poor external demand conditions and ongoing domestic structural difficulties. Following a 2.1% expansion in 2015, we hold our forecast for real GDP growth to hit 2.3% in 2016. Nonetheless, we maintain our view that strong economic fundamentals will continue to drive expansion in Singapore's retail market. Supported by an extremely tight labour market and gradual wage rises, we forecast real private consumption growth to accelerate to 4.3% in 2016 (up from 3.5% in 2015).

Key Views & Developments:

According to the Department of Statistics Singapore, retail sales (seasonally adjusted) increased by 1.4% (month-on-month) in November 2015. Compared to November 2014, total retail sales increased 4.7% in November 2015, mainly due to higher sales in motor vehicles. Excluding motor vehicles, retail sales declined 2.0%.
BMI Industry View
Retail SWOT
Industry Forecast
Headline Retail Forecast
  Table: Total Household Spending (Singapore 2013-2020)
  Table: Retail Sector Spending, % Of Total (Singapore 2013-2020)
  Table: Headline Retail Sector Spending (Singapore 2013-2020)
  Table: Retail Sector Spending, % of GDP (Singapore 2013-2020)
Retail Sector Forecast
Food, Drink and Tobacco
  Table: Food, Drink & Tobacco Spending (Singapore 2013-2020)
Clothing And Footwear
  Table: Clothing & Footwear Spending (Singapore 2013-2020)
Household Goods
  Table: Household Goods Spending (Singapore 2013-2020)
Personal Care
  Table: Personal Care Spending (Singapore 2013-2020)
Household Numbers And Income Forecast
  Table: Household Income Data (Singapore 2013-2020)
  Table: Labour Market Data (Singapore 2013-2020)
Demographic Forecast
  Table: Total Population (Singapore 2013-2020)
  Table: Population: Babies (Singapore 2013-2020)
  Table: Population: Young Children (Singapore 2013-2020)
  Table: Population: Children (Singapore 2013-2020)
  Table: Population: Young Teens and Older Children (Singapore 2013-2020)
  Table: Population: Young People (Singapore 2013-2020)
  Table: Population: Older Teenagers (Singapore 2013-2020)
  Table: Population: 21yrs + (Singapore 2013-2020)
  Table: Population: Young Adults (Singapore 2013-2020)
  Table: Population: Middle Aged (Singapore 2013-2020)
  Table: Population: Urban (Singapore 2013-2020)
Industry Risk Reward Ratings
Asia Risk/Reward Index
  Table: Asia Pacific Retail Risk/Reward Index, Q216
Singapore Risk/Reward Index
Market Overview
Competitive Landscape
Clothing & Footwear
  Table: Major Clothing & Footwear Companies
Household Goods
  Table: Major Household Goods Companies
  Table: Major Electronics Retail Companies
Department Stores
  Table: Major Department Stores Companies
  Table: Major E-commerce Companies
  Table: Major Pharmacy Companies
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Retail Risk/Reward Index Indicators
  Table: Weighting Of Indicators
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Singapore Retail Report Q1 2016 US$ 1,295.00 Oct, 2015 · 63 pages
Singapore Retail Report Q3 2016 US$ 1,295.00 May, 2016 · 60 pages
Singapore Retail Report Q4 2016 US$ 1,295.00 Aug, 2016 · 62 pages

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