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Singapore Wholesale Trade Growth Eases In Q3

(RTTNews) - Singapore's domestic wholesale trade grew sharply in the three months ended September, data from the Department of Statistics showed Friday.

At current prices, domestic wholesale sales climbed 12.4 percent year-over-year in the third quarter, slower than the 20.1 percent surge in the previous quarter.

The overall growth in the third quarter was largely driven by a 36.7 percent sales growth in chandlers and bunkering.

Sales of household equipment and furniture also registered a double-digit growth of 25.3 percent.

Excluding petroleum, wholesale trade rose 11.9 percent annually, while those of chemicals and chemical products registered an increase of 20.6 percent.
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