28 Feb '11, 5am

Q4 2010 Business Receipts For Services Sector Up 9.8% On-Year: 5.2% increase in receipts seen quarter-on-quarter.

The services sector has been a key player and beneficiary of Singapore’s economic rebound, with overall business receipts for the sector in Q4 2010 improving 9.8% on-year. According to the Department of Statistics (DOS) , such receipts include income earned from business operations such as: sale of goods income from services rendered commission fees rental of premises and machinery and equipment The DOS’ Business Receipts Index for Services Industries Fourth Quarter 2010 reported positive growth by all services industries on-year. They include: other services activities (+39.5%) real estate, rental and leasing (+14.8%) financial and insurance services (+10.6%) Compared to the previous quarter, the sector – excluding wholesale and retail trade as well as hotels and restaurants – posted a 5.2% rise in business receipts in Q4 2010 (non-seasonally adjusted). The top 2 performe...

Full article: http://www.business.gov.sg/EN/News/20110228ServicesSector...

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