by Donavan Lim
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Overall business receipts of the service industry in second quarter fell 0.5 per cent as compared with the preceding quarter, attributed to mixed performances within the service industries, according to latest data from the Department of Statistics Monday.
Business services (excluding real estate, rental and leasing) chalked up the highest turnover growth of 4.6 per cent, while turnovers for education services, recreation and personal services and financial and insurance sectors fell 15.3 per cent, 8.4 per cent and 1.1 per cent respectively.
On a yearly basis, business receipts rose 6 per cent in the second quarter of 2012 due to a higher turnover recorded by all service industries.
Education services along with health and social services recorded the highest growth in turnovers of 13.6 per cent and 9.2 per cent respectively.
Higher turnover was also recorded by business services excluding real estate, rental and leasing (7.9 per cent) and transport and storage services segment (6.8 per cent).
Source: http://bizdaily.com.sg/newsite/singapore-business-receipts-decline-in-2q2012/
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