The Singapore Department of Statistics has unveiled the Quarterly Wholesale Trade Index for the first quarter of 2025, revealing a 7.2% decrease in domestic wholesale sales compared to the same period last year.
When excluding petroleum, the decline in domestic sales is slightly steeper at 7.8%. In contrast, foreign wholesale sales have shown a positive trend, rising by 1.1% over the same timeframe. Excluding petroleum, foreign wholesale sales experienced a more significant increase of 7.7%.
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