Business receipts of services sector climb 2.9% in 3Q11

And education services grew the most at 26.2%.

Business receipts of the services sector, excluding wholesale & retail trade and accommodation & food services, grew by 2.9% in third quarter 2011 over the previous quarter, according to the Singapore Department of Statistics.

Within the services sector, industries which registered growth include education services (26.2%), financial & insurance services (3.6%), recreation & personal services (3.5%), real estate, rental & leasing services (2.6%), transport & storage services (1.3%) and business services excluding real estate, rental & leasing services (0.8%).

For information & communications services and health & social services, business receipts remained at similar level in third quarter 2011 compared to the previous quarter.

Year-on-Year Change
On a year-on-year basis, all services industries fared well in third quarter 2011, with the education and financial & insurance services reporting double-digit growth of 16.7% and 12.0% respectively.The other services industries registered growth ranging from 2.2% (business services excluding real estate, rental & leasing) to 9.5% (information & communications) during the quarter.

Also Read

New bill targets court abuse with stricter contempt guidelines

SG records $6.7m impersonation scam losses in September

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit