Singapore’s wholesale trade sector experienced a mixed performance in the fourth quarter of 2024, according to the latest figures from the Singapore Department of Statistics.
Domestic wholesale sales saw a decline of 4.4% compared to the same period in 2023. However, when petroleum was excluded, the drop was less severe at 0.7%.
Foreign wholesale sales also faced a downturn, decreasing by 2.9% year-on-year. Yet, excluding petroleum, foreign sales actually grew by 2.1%.
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