Market Review and Trends
Singapore 1Q domestic wholesale trade slips 22.6%
By The Fifth Person  •  May 23, 2016
Singapore’s domestic wholesale trade shrank in 1Q this year by 22.6% from a year ago, partly as a result of lower weaker prices of petroleum and chemical products, according to data released by the Singapore Department of Statistics on Friday. The shipchandlers & bunkering, petroleum & petroleum products, and general wholesale trade sectors experienced the sharpest y-o-y drops in domestic sales of 39.9%, 38.2% and 34.3% respectively. Excluding petroleum, domestic wholesale trade fell by 11.4% as opposed to 1Q15. Overall domestic wholesale trade chalked a smaller y-o-y decrease of 1.7% after adjusting for price changes. Compared with a quarter ago, domestic wholesale trade declined 17.2% in 1Q16 over 4Q15, and decreased at a smaller extent of 7.2% excluding petroleum. Without the price effect, overall domestic wholesale trade fell 10.9% q-o-q. Meanwhile, foreign wholesale trade has slipped 17.4% y-o-y due to ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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