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Financial News: Singapore Wholesale Trade Rises In Q1

Singapore Wholesale Trade Rises In Q1

05/19/2017 - 03:25:00 (RTTNews)

(RTTNews) - Singapore's domestic wholesale trade increased further in the three months ended March, figures from the Department of Statistics showed Friday.

At current prices, domestic wholesale sales rose a seasonally adjusted 1.6 percent sequentially in the first quarter, much slower than the 13.7 percent spike in the fourth quarter.

Excluding petroleum, domestic wholesale trade climbed 2.6 percent from the fourth quarter, when it grew by 6.9 percent.

After removing the price effect, overall domestic wholesales trade dropped 5.3 percent over the previous quarter.

On an annual basis, domestic wholesale trade surged 23.5 percent in the March quarter, after a 2.1 percent increase in the December quarter.

Foreign wholesale trade advanced 3.8 percent quarterly and by 27.3 percent annually in the first quarter.

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