Singapore Retail Report Q2 2016

Singapore Retail Report Q2 2016

BMI View: We see little prospects for a significant recovery in Singapore's economic growth over thecoming year, amid poor external demand conditions and ongoing domestic structural difficulties. Followinga 2.1% expansion in 2015, we hold our forecast for real GDP growth to hit 2.3% in 2016. Nonetheless, wemaintain our view that strong economic fundamentals will continue to drive expansion in Singapore's retailmarket. Supported by an extremely tight labour market and gradual wage rises, we forecast real privateconsumption 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% inNovember 2015, mainly due to higher sales in motor vehicles. Excluding motor vehicles, retail salesdeclined 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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