Business receipts up 1.3% in 4Q13

See how each segment fared.

According to a release, business receipts of the services industries, excluding wholesale & retail trade
and accommodation & food services, rose 1.3% in fourth quarter 2013 over the previous quarter. On a year-on-year basis, overall business receipts grew by 6.4%.

Business receipts of the services industries, excluding wholesale & retail trade and accommodation & food services, rose 1.3% in fourth quarter 2013 over the previous quarter.

The information & communications services industry registered the highest growth of 3.5% in business receipts during the quarter, followed by the health & social services industry with an increase of 2.7%. Higher turnover was also reported by transport & storage services (2.1%), financial & insurance services (2.0%) and business services excluding real estate, rental & leasing services (1.3%).

In contrast, business receipts of education services and recreation & personal services dropped 3.8 % and 3.5% respectively during the quarter.

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