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SINGAPORE: Business receipts of the services industries excluding wholesale & retail trade and accommodation & food services, rose 8 percent in the third quarter of 2013, compared to the previous year.
On a quarter-on-quarter basis, business receipts were up 0.7 percent.
The Department of Statistics (DOS) said all services industries experienced growth in turnover in Q3 2013, when compared against the previous year.
The segments that reported the highest growth were business services excluding real estate, rental & leasing services which grew 12.2 percent on-year and financial & insurance services which expanded 11.6 percent on-year.
However, performance among the service industries was mixed when compared to the second quarter of 2013.
DOS said education services saw the highest increase in business receipts at 15.2 percent in Q3.
Recreation and personal services industry also did well with a 4.6 percent quarter-on-quarter growth.
But business receipts of financial and insurance services fell 2.9 percent in Q3, compared to the previous quarter.
Source: 27th November 2013 ChannelNews Asia