2014-02-10 03:02:01 - Singapore Retail Report Q2 2014 - a new market research report on companiesandmarkets.com
A low unemployment rate, rising disposable income and a strong tourism industry resulting in a strong rise in household spending are all factors that will see the Singapore retail sector continue to grow over the next few years. We are particularly positive about the future growth prospects for health and education, with communications and personal care & insurance also forecast to grow steadily; however, we expect the highest proportion of the household budget to be spent on housing & utilities throughout our forecast period, with personal care & insurance; recreation & culture; and transport also taking a substantial share, as might be expected from a developed, sophisticated market.
The new Singapore retail report provides an extensive and comprehensive forecast of various
retail indicators including household spending and headline total spending across each retail subsector, household income and employment forecasts, demographic forecasts and a detailed breakdown of household and per capita spending across a large number of retail areas including food & drink, clothing & footwear, household goods and a number of other subsectors.
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