Singapore’s services industry business receipts edge up 0.4% in Q2

Singapore’s services sector saw a mixed performance in the second quarter with overall revenue edging up 0.4 per cent year on year.

This is according to the latest business receipts index, released on Friday (Aug 26) by the Department of Statistics Singapore, which excludes wholesale & retail trade and accommodation & food services.

The health & social services industry reported the largest revenue growth of 7.7 per cent in April-June quarter from the same period a year ago.

Other industries with higher business receipts included education services (5.0 per cent) and information & communications services (1.4 per cent).

Industries that saw lower turnover included transport & storage services (-2.2 per cent) and recreation & personal services (-1.6 per cent).