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Singapore records 10.5 pct service industry growth in Q1

SINGAPORE
2024-05-27 14:54

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SINGAPORE, May 27 (Xinhua) -- Singapore's business receipts index for the service industries increased 10.5 percent year-on-year in the first quarter this year, the Department of Statistics said Monday.

The revenue of recreation and personal services grew 25.9 percent year-on-year in the first three months, supported by higher earnings of firms in the gaming and attractions segments.

The information and communications industry reported a year-on-year increase of 24.9 percent in revenue.

Meanwhile, the administrative and support services saw a marginal decline of 0.1 percent, with rental and leasing activities recording lower turnover.
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