All services sectors posted growth in 4Q11 except one

The education services industry registered a decline of 5.5% in business receipts.

According to the Department of Statistics:

Year-on-Year Change
Compared to the same quarter of 2010, all services industries fared well except education services, registering positive growth ranging from 2.1% (financial & insurance services) to 9.1% (health & social services).

The education services industry, in contrast, registered a decline of 5.5% in business receipts during the quarter.

Quarter-on-Quarter change

Business receipts of the services sector, excluding wholesale & retail trade and accommodation & food services, rose 2% in fourth quarter 2011 over the previous quarter.

Higher business receipts were reported in information and communications services (7.2%), transport & storage services (6%), business services excluding real estate, rental & leasing services (5.9%), health and social services (5.8%), recreation & personal services (1.4%) and real estate, rental & leasing services (0.9%).

On the other hand, turnover of the education services industry decreased 17%, while business receipts from financial & insurance services dropped 1.8%.

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