Meanwhile, the quarterly index came in 13.3% lower, as the circuit breaker and eventually phase one of Singapore’s re-opening spanned most of the quarter.
The Covid-19 health-turned-economic crisis has upended almost every sector, especially the services industry which was affected by the disrupted operations during the circuit breaker measures.
Takings for the sector plunged 13.9% year-on-year in 2Q2020 ended June, according to the Business Services Index released by the Department of Statistics (Singstat) on August 27.
