The Business Receipts Index (BRI) for Singapore’s services industries, excluding wholesale trade, retail trade, accommodation, and food services, showed a 3.6% increase year-on-year in the fourth quarter of 2025. This growth was primarily driven by the recreation and personal services sector, which saw a 9.2% rise in revenue, largely due to the arts, entertainment, and recreation segments, including gaming.
The professional services industry also contributed significantly, with a 6.1% increase in turnover, boosted by advertising, market research, and research and development activities. In contrast, the transportation and storage sector experienced a 3.5% decline in receipts, mainly due to reduced performance in shipping and freight transport arrangement services.
Quarter-on-quarter, the BRI recorded a 3.3% rise in business receipts, although the education and health and social services sectors saw declines of 4.6% and 0.7%, respectively. The professional services industry showed a robust 9.1% growth, driven by head offices and management consultancies, whilst the real estate sector reported a 3.6% increase in earnings.
The BRI, compiled quarterly, provides insights into the short-term performance of the services industries, guiding business decisions and policy choices. The index is based on data from over 11,000 enterprises and reflects changes in business or operating revenue. As the services sector continues to evolve, the BRI remains a crucial tool for understanding industry trends and economic health.
