SINGAPORE: Singapore’s domestic wholesale trade fell 25.8 per cent in the first three months of 2015, compared to the year-ago quarter, on lower prices of petroleum and chemical products, the Department of Statistics Singapore (SingStat) announced here the other day.
Excluding petroleum, domestic wholesale trade declined 12.6 per cent year-on-year.
However, after adjusting for price changes, overall domestic wholesale trade rose 5.4 per cent year-on-year.
Wholesale trade is one of the largest sectors in Singapore’s economy, providing a significant number of jobs.
