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Singapore services sector business receipts up 3.5% in Q2

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Business receipts for the services industry in Singapore rose 3.5 per cent year on year in the second quarter of 2015, with all but the recreation & personal services segment experiencing turnover growth, data released by the Department of Statistics (DOS) on Thursday showed.

BUSINESS receipts for the services industry in Singapore rose 3.5 per cent year on year in the second quarter of 2015, with all but the recreation & personal services segment experiencing turnover growth, data released by the Department of Statistics (DOS) on Thursday showed.

Quarter on quarter, business receipts edged up 1.4 per cent, and showed a mixed performance.

In year-on-year terms, the financial & insurance segment enjoyed the highest growth of 9.5 per cent, followed by the health & social services segment at 8.9 per cent growth. The recreation & personal services segment plunged 18.3 per cent in turnover.

The DOS data excluded wholesale & retail trade, and accommodation & food services.

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