Economic Buzz: Singapore Wholesale Trade Growth Eases in Q3

21 Nov 2022 , 11:51 AM

Singapores domestic wholesale trade grew sharply in the three months ended September, data from the Department of Statistics showed. 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. On a quarterly basis, domestic wholesale trade dropped 0.4 percent, reversing a 6.1 percent increase in the preceding three months. Foreign wholesale sales gained 31.0 percent yearly and by 0.9 percent quarterly in the September quarter.Powered by Commodity Insights