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 27.2% y-o-y in the last quarter of 2020 ended December, improving from the 36.4% decline seen in the previous quarter ended September.
This follows lower petroleum sales, according to the wholesale trade index released by the Department of Statistics (Singstat) on Feb 19.
