Singapore services business receipts grow 6.3% in Q3

SINGAPORE - Business receipts for the services sector in Singapore grew 6.3 per cent in the third quarter of 2017 compared to a year ago, reflecting an improved global outlook and a strengthening economy.

Singapore services business receipts grow 6.3% in Q3

The data released on Monday (Nov 27) by the Department of Statistics showed that all services industries reported growth, with information and communications showing the biggest improvement with a 13.6 per cent jump, followed by health & social services at 9.2 per cent.

On a quarter on quarter, non-seasonally adjusted basis, business receipts went up 0.9 per cent over the second quarter.

The education services industry registered the highest growth in turnover of 11.2 per cent, followed by the health and social services sector at 3 per cent.

The Business Receipts Index (BRI) for the services industries excludes wholesale and retail trade, and accommodation and food services.

 

Read: Privacy Policy , Terms & Conditions

Back to Career Resources »

Related Articles

    Reason for cheer as more locals find jobs

Reason for cheer as more locals find jobs

But contraction in overall size of workforce needs close watching

    Never leaving it to luck after losing bet in youth

Never leaving it to luck after losing bet in youth

Motivational speaker lost all his red-packet cash in his teens when he bet on a card game

    99% of workers polled expect pay rise

99% of workers polled expect pay rise

Many expect wage rise despite market uncertainty

    Do S'porean workers deserve their wages?

Do S'porean workers deserve their wages?

Singapore's median income considered high amongst neighboring countries

    HR execs miss foreign labour message

HR execs miss foreign labour message

Most against closing down inefficient firms so labour can be redeployed: Poll

    Changing trends in mobility

Changing trends in mobility

The global corporate environment is evolving with rapid changes in the pattern of overseas assignments