On a q-o-q, non-seasonally adjusted basis, overall business receipts were also up by 2.9%.
The overall Business Receipts Index grew by 10.9% y-o-y in the 4Q2022 as all industries registered higher business receipts, according to the Department of Statistics Singapore (SingStat).
The index, which measures the short-term changes in the amount of business or operating revenue on a quarterly basis, excludes the wholesale trade, retail trade, accommodation and food services industries. The index is compiled at current prices.
