Business receipts climbed 8% in Q3

The infocomm segment's business receipts surged 11.3%.

Business receipts in Singapore’s services sector rose 8% YoY in Q3, data from the Department of Statistics (SingStat) revealed. On a QoQ basis, business receipts inched up 2% compared to Q2.

All segments sealed growth in terms of business receipts led by the information and communication industry where business receipts grew 11.3% YoY. This was followed by segments such as finance and insurance, education, and business services were expansion rates were recorded at 10.6%, 9.7%, and 6.3%, respectively.

Other segments such as recreation and personal services (6.2%), transport & storage (5.6%), and health and social services (5.5%) also sealed improvements in their business receipts.

On a QoQ basis, all segments also saw growth in business receipts, except for the business services where business receipts dipped 1.6% compared to Q2, the SingStat data showed.
The education segment saw the highest QoQ increase of 15.3% in terms of business receipts. This was followed by the 8.9% growth in business receipts in the recreation and personal services segment.

Other segments saw relatively marginal QoQ growth in their business receipts including finance & insurance (3.1%), health & social services (2.3%), information & communications (2.2%), and transport & storage (1.5%).

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia