The Singapore Department of Statistics has reported a 6.6% increase in business receipts for the services industries in the second quarter of 2025 compared to the same period last year. This growth excludes the Wholesale Trade, Retail Trade, Accommodation, and Food Services sectors. Most industries within the services sector experienced an uptick in business receipts, with the exception of Transportation and Storage, which faced challenges due to a weaker performance in the Water Transport sector.
The Quarterly Business Receipts Index highlights the resilience and growth of Singapore’s services industries amidst varying economic conditions. The data suggests a robust performance across multiple sectors, reflecting a positive economic trajectory for the nation. However, the Transportation and Storage sector’s decline underscores ongoing challenges, particularly in Water Transport, which may require strategic interventions to bolster performance.
For those interested in further details, the full press release and additional data are available on the Singapore Department of Statistics website. The department also encourages users to explore the enhanced features of the SingStat Mobile App for more comprehensive statistical insights. As Singapore continues to navigate its economic landscape, these statistics provide valuable insights into the country’s service industry dynamics and potential areas for policy focus.
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