Domestic wholesale trade dips 1.9%

Industrial & construction machinery sector's sales made the largest decline of 13.2%.

According to SingStat, after seasonal adjustment, domestic sales of the industrial & construction machinery sector reported a quarter-on-quarter decline of 11.0% in second quarter 2012. The timber, paints & construction materials and electronic components sectors reported declines of 6.0% and 1.7% respectively in domestic sales over the previous quarter.

Here's more from SingStat:

The petroleum & petroleum products and ship chandlers & bunkering sectors also experienced declines of 8.5% and 4.9% respectively in domestic sales, due primarily to decrease in prices. After removing price effect, domestic wholesale trade volume of the petroleum & petroleum products and ship chandlers & bunkering sectors rose 2.0% and 6.2% respectively.

In contrast, domestic sales increases of 13.1% and 11.4% were registered by the household equipment & furniture and general wholesale trade sectors respectively. The telecommunications & computers sector also experienced an increase of 5.8% in domestic sales.

The chemicals & chemical products sector recorded an increase of 6.8% in domestic sales. After excluding price effect, sales volume rose a higher 17.1%.

The industrial & construction machinery and chemicals & chemical products sectors reported double-digit year-on-year declines of 13.2% and 10.5% respectively in domestic sales. Other sectors that experienced year-on-year decreases in domestic sales included timber, paints & construction materials (-8.3%), petroleum & petroleum products (-3.9%) and electronic components (-3.8%).

On the other hand, sectors that registered double-digit year-on-year increases in domestic sales were household equipment & furniture (17.0%), telecommunications & computers (13.9%) and food, beverages and tobacco (10.6%). The general wholesale trade sector reported a smaller increase of 3.3% in domestic sales over second quarter 2011.

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