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Singapore Retail Report Q3 2015

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Singapore Retail Report Q3 2015

BMI View: We believe that the Singaporean retail sector is well positioned for growth over the next fewyears on the back of a low unemployment rate, rising disposable income and a strong tourism industry. Assuch, we are forecasting a strong rise in household spending across all retail sub-sectors. Owing to the highcost of living in the city state we expect the highest proportion of the household budget to be spent onhousing & utilities throughout our forecast period. Personal care & insurance; recreation & culture; andtransport also taking a substantial share, as might be expected from a developed, sophisticated market.

Economic headwinds pose a distant but real threat to the progress of the retail sector especially due to thecontinued slowdown in the Chinese economy.

Singapore's economy remains relatively robust. This will ensure that household spending remains strongand we believe there will be continued room for growth over the coming five years. We are currentlyforecast the average net household income to reach an impressive USD91,066 in 2015, with 45% ofhouseholds falling into the top wage bracket of USD75,000+. By 2019 more than 57% of households areexpected to qualify for this top income bracket, which, along with the USD50,000-plus group represents thekey demographic for increased household spending on luxury and branded items. We forecastcorresponding growth in household spending on personal, insurance and other; restaurants and hotels;recreation and culture; and transport.

BMI Industry View
Industry Forecast
Headline Retail Forecast
Table: Total Household Spending (Singapore 2012-2019)
Table: Retail Sector Spending, % Of Total (Singapore 2012-2019)
Table: Headline Retail Sector Spending (Singapore 2012-2019)
Table: Retail Sector Spending, % of GDP (Singapore 2012-2019)
Retail Sector Forecast
Food, Drink and Tobacco
Table: Food, Drink & Tobacco Spending (Singapore 2012-2019)
Clothing And Footwear
Table: Clothing & Footwear Spending (Singapore 2012-2019)
Household Goods
Table: Household Goods Spending (Singapore 2012-2019)
Personal Care
Table: Personal Care Spending (Singapore 2012-2019)
Household Numbers And Income Forecast
Table: Household Income Data (Singapore 2012-2019)
Table: Labour Market Data (Singapore 2012-2019)
Demographic Forecast
Table: Total Population (Singapore 2012-2019)
Table: Population: Babies (Singapore 2012-2019)
Table: Population: Young Children (Singapore 2012-2019)
Table: Population: Children (Singapore 2012-2019)
Table: Population: Young Teens and Older Children (Singapore 2012-2019)
Table: Population: Young People (Singapore 2012-2019)
Table: Population: Older Teenagers (Singapore 2012-2019)
Table: Population: 21yrs + (Singapore 2012-2019)
Table: Population: Young Adults (Singapore 2012-2019)
Table: Population: Middle Aged (Singapore 2012-2019)
Table: Population: Urban (Singapore 2012-2019)
Macroeconomic Forecast
Economic Analysis
Industry Risk Reward Ratings
Asia Risk/Reward Index
Table: Asia - Retail Risk/Reward Index
Singapore Risk/Reward Scores
Market Overview
Competitive Landscape
Department Store Groups
Mass Grocery Retail
Consumer Electronics
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Retail Risk/Reward Index Indicators
Table: Weighting Of Indicators

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