Business receipts for services industries up marginally in Q2 (Amended)

Singapore

BUSINESS receipts for the services industry in Singapore edged up 0.4 per cent year-on- year in the second quarter but were up 1.1 per cent quarter-on- quarter.

According to a release from the Department of Statistics on Friday, the performance was mixed as categories such as health and social services as well as education posted growth of 7.7 per cent and 5 per cent respectively. Receipts from information & communications services were up 1.4 per cent during the quarter.