Singapore's Q4 domestic wholesale trade shrinks 15.9%

Singapore

SINGAPORE'S domestic wholesale trade reflected expectations of subdued business activity, shrinking by 15.9 per cent year on year in the fourth quarter of 2015 amid lower petroleum and chemical product prices, analysts said.

"It would be consistent with the numbers we see," CIMB private banking economist Song Seng Wun said. "It's reflective of the cautious sentiment of more modest growth this year."