The Singapore Department of Statistics has released the Services Producer Price Indices for the second quarter of 2025, revealing varied trends across different sectors. Cargo handling prices increased by 0.7% compared to the first quarter, whilst sea freight transport experienced a notable decline of 4.2%. Other sectors, including freight forwarding and accounting services, saw decreases of 1.6%, with postal and courier services dropping by 1.0% and computer consultancy and information services by 0.7%. Telecommunications services and warehousing and storage prices remained unchanged.
These indices are crucial for understanding the cost dynamics within Singapore’s service sectors, impacting businesses and economic planning. The decline in sea freight transport prices could be indicative of shifting global trade patterns or competitive pressures, whilst the rise in cargo handling suggests increased demand or operational costs.
These indices not only reflect current market conditions but also help businesses and policymakers anticipate future trends, making them an essential tool for strategic decision-making in Singapore’s dynamic economy.
