The metric measures the short-term performance of the wholesale trade industry, which encompasses wholesalers who supply merchandise to manufacturers as well as institutional clients who consume the products.
Singapore’s domestic wholesale sales plunged 36.4% year-on-year in 3Q2020 ended September, improving from the 40.6% decline seen in the previous quarter ended June.
This follows lower petroleum sales, according to the wholesale trade index released by the Department of Statistics (Singstat) on Nov 20.
