18.08.201701:38:00UTC+00Singapore Q2 Wholesale Trade Rises At Slower Pace

Singapore's domestic wholesale trade increased at a slower rate in the three months ended June, figures from the Department of Statistics showed Friday.

At current prices, domestic wholesale sales rose a seasonally adjusted 1.3 percent sequentially in the second quarter, well below the 3.3 percent climb in the first quarter.

After removing the price effect, overall domestic wholesales trade advanced 11.2 percent over the previous quarter.

Excluding petroleum, domestic wholesale trade declined 3.5 percent from the March quarter, when it grew by 2.4 percent.

On an annual basis, domestic wholesale trade expanded 18.5 percent in the second quarter, after a 24.9 percent spike in the previous quarter.

Foreign wholesale trade decreased 5.0 percent quarterly in the second quarter, while it grew 12.2 percent from last year.