Singapore experiences 16% growth in business receipts from services industries for Q3

Singapore, Nov 26, 2018 : .

The third quarter of 2021 saw a 16 percent increase in business receipts from Singapores service industries.This excludes wholesale and retail trade services as well as accommodation and food servicesAccording to the Business Receipts Index released Friday by Singapores Department of Statistics, this is less than the 17.1 percent growth in the second quarter of 2011.According to Xinhua news agency, all industries, except recreation and personal service, registered higher business receipts year-over-year.The quarter-on-quarter growth in business receipts was 4.8%, not adjusted for seasonality, compared with the 2.4% growth in the second quarter.All industries, except for the recreation and personal service industry, saw higher business receipts than the previous quarter.int/khz #Singapore #receipts.