20.02.201802:53:00UTC+00Singapore Wholesale Trade Rises In Q4

Singapore's domestic wholesale trade increased in the three months ended December, figures from the Department of Statistics showed Tuesday.

At current prices, domestic wholesale sales rose a seasonally adjusted 4.7 percent sequentially in the fourth quarter, reversing a 2.7 percent drop in the previous quarter.

After removing price effect, overall domestic wholesale trade declined 2.7 percent over the previous quarter.

Excluding petroleum, domestic wholesale trade grew 0.9 percent from the third quarter, when it fell by 0.6 percent.

On an annual basis, growth in domestic wholesale trade eased sharply to 5.9 percent from 12.0 percent.

Foreign wholesale trade expanded 4.9 percent quarterly and by 8.1 percent yearly in the fourth quarter.