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Singapore services sector revenue grows at a slower pace in 2Q19

Uma Devi
Uma Devi • 2 min read
Singapore services sector revenue grows at a slower pace in 2Q19
SINGAPORE (Aug 27): Singapore’s services sector revenue rose 2.8% in 2Q19 compared to 2Q18, according to the latest Business Receipts Index (BRI) released by the Department of Statistics on Tuesday.
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SINGAPORE (Aug 27): Singapore’s services sector revenue rose 2.8% in 2Q19 compared to 2Q18, according to the latest Business Receipts Index (BRI) released by the Department of Statistics on Tuesday.

This was slower than the 3.4% y-o-y growth recorded in 1Q19 and 4.1% y-o-y growth in 4Q18.

The BRI for the services sector measures the short-term changes in the amount of business or operating receipts on a quarterly basis.

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