Singapore Wholesale Trade Falls At Faster Pace In Q3

Singapore’s domestic wholesale trade decreased at a faster rate in the three months ended September, figures from the Department of Statistics showed Monday.

At current prices, domestic wholesale sales fell a seasonally adjusted 3.7 percent sequentially in the third quarter, well above the 0.2 percent drop in the second quarter.

After removing price effect, overall domestic wholesale trade dipped 5.6 percent over the previous quarter.

Excluding petroleum, domestic wholesale trade declined 0.9 percent from the June quarter, when it slid by 4.3 percent.

On an annual basis, domestic wholesale trade grew 11.3 percent in the third quarter, after a 17.5 percent surge in the preceding quarter.

Foreign wholesale trade expanded 2.8 percent quarterly and by 11.5 percent yearly in the third quarter.

The material has been provided by InstaForex Company – www.instaforex.com

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