Retail sales in Singapore fell 0.4% year-on-year in January 2026, reversing a downwardly revised 2.5% rise in the previous month and marking the lowest level since February 2025. The decline was broad-based, with department stores (-12.3% vs -3% in December), petrol service stations (-9.7% vs -9.1%), wearing apparel and footwear (-12.9% vs -2.1%), and others (-14.9% vs -10.2%) among the hardest hit. Sales also fell in supermarkets and hypermarkets (-9.7% vs 3.7%), mini-marts and convenience stores (-2.7% vs 6.7%), and cosmetics, toiletries, and medical goods (-0.4% vs 0.2%), reversing gains from the previous month. Moreover, sales growth in computer and telecommunication equipment moderated to 14.1% from 18.8%. On a seasonally adjusted monthly basis, retail sales rose 6.1% in January, recovering from a revised 2.7% decline in December, marking the highest level since March 2022.