Singapore's domestic wholesale trade declined 2.6 percent quarter-on-quarter in the second quarter, the Department of Statistics said Tuesday.
This was mainly due to decline in prices of petroleum and petroleum products, according to the statistical agency. Excluding petroleum, domestic sales dipped 0.3 percent compared to a quarter ago.
Year-on-year, wholesale trade declined 1.9 percent. Excluding petroleum, sales remained at the same level compared to second quarter last year.
Foreign wholesale trade increased 1.2 percent in second quarter on a quarterly basis, while it expanded 8.6 percent annually.
by RTT Staff Writer
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