POST Online Media Lite Edition


Singapore Q4 domestic wholesale trade falls but slower than before

Staff writer |
Singapore's domestic wholesale trade decreased in the three months ended December, though at a slower pace than in the previous quarter, data from the Department of Statistics showed.

Article continues below

At current prices, domestic wholesale sales slid 1.1 percent quarter-on-quarter in the fourth quarter, following a 8.0 percent sharp decline in the preceding quarter.

Domestic sales of ship chandlers and bunkering fell the most by 18.2 percent, followed by chemical and chemical products with 8.1 percent drop. The decreases were partially due to price decreases of petroleum and chemical products.

On an annual basis, domestic wholesale trade plunged 15.9 percent in the three-month period to December, after a 25.0 percent slump in the September quarter.

Foreign wholesale trade logged a yearly decline of 14.4 percent in the fourth quarter and it dipped 7.1 percent from the previous three-month period.

What to read next

Singapore's non-oil domestic exports decreased
Singapore's exports decreased 9.9% in January
Singapore to grow at slower pace than previously expected