Business receipts of services industries dip 0.5%

Receipts from education, recreation, and financial services also dropped.

According to SingStat, business receipts of the services industries, excluding wholesale & retail trade and accommodation & food services, declined by 0.5% in second quarter 2012 over the previous quarter, due to mixed performances within the services industries.

Here's more from SingStat:

Higher turnover was registered by business services excluding real estate, rental & leasing services (4.6%) followed by transport & storage services (1.1%) and real estate, rental & leasing services (1.1%) in second quarter 2012 over the previous quarter.

In contrast, education services, recreation & personal services and financial & insurance services recorded a drop in business receipts of 15.3%, 8.4% and 1.1% respectively. Information & communications and health & social services recorded smaller declines of 0.8% and 0.7% respectively.

On a year-on-year basis, the services industries, excluding wholesale & retail trade and accommodation & food services, grew by 6.0% in second quartewr 2012 compared to the dame quarter in 2011, due to higher turnover recorded by all services industries.

Education servics and health & social services reported increases in business receipts of 13.6% and 92% respectively. Higher turnover was also recorded by business services excluding real estate, rental & leasing (7.9%) and transport & storage services (6.8%).

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