Overall business receipts of the services industries (excluding Wholesale Trade, Retail Trade and Accommodation & Food Services) in Singapore increased 13.2% in 1Q 2022 compared to the same quarter in 2021. All industries registered higher business receipts on a year-on-year basis. On a quarter-on-quarter basis, overall business receipts (non-seasonally adjusted) decreased 1.6% in 1Q 2022. Within the services industries, performance was mixed.
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