Singapore Services Business Receipts Fall In Q1

By @ibtimes on

RTTNews - Business receipts of the services sector in Singapore dropped 3.3% sequentially in the first quarter, after a 1.3% fall in the fourth quarter, the Department of Statistics said Monday.

During the quarter, the steepest fall in receipts of 17.7% was in the transport and storage sector. However, the fastest growth of 18.5% was in education.

Year-on-year, business receipts dropped 2.3% in the first quarter. Receipts of the transport and storage sector fell 14%, and that of business services dropped 2.8%. All other services showed a rise in business receipts.

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