Singapore’s services industries, excluding Wholesale Trade, Retail Trade, Accommodation, and Food Services, experienced a 5.3% increase in business receipts in the third quarter of 2025 compared to the same period in 2024. This growth was primarily driven by the Recreation & Personal Services sector, which saw a significant 17.7% rise in revenue, largely due to the gaming segment.
The Information & Communications industry also contributed to the positive trend, registering a 12% increase in receipts. This was mainly attributed to growth in games publishing, data analytics processing, hosting and related activities, and internet search engines. In contrast, the Transportation & Storage industry faced a 7.5% decline in receipts, reflecting reduced earnings from shipping lines and freight transport arrangement services.
The Professional Services industry recorded a 10.4% increase in receipts, with notable growth in advertising and market research, research and development, and architectural and engineering services. Meanwhile, the Health & Social Services industry saw a 4.6% rise in turnover, driven by increased earnings from hospitals.
Despite the overall positive performance, the Administrative & Support Services industry experienced a 1.6% contraction, mainly due to a slowdown in the rental and leasing segment. Quarter-on-quarter, the overall business receipts rose by 0.7%, although some industries, including Information & Communications and Recreation & Personal Services, saw declines.
The Business Receipts Index provides valuable insights into the short-term performance of Singapore’s services industries, guiding business decisions and policy choices.
