Singapore's domestic wholesale trade grew in the three months ended June, mainly driven by higher demand of petroleum and chemical products, figures from the Department of Statistics showed Friday.
Wholesale trade advanced a seasonally adjusted 5.5 percent quarterly in the second quarter, reversing 16.9 percent slump in the previous quarter. However, excluding petroleum, wholesale sales dropped 2.2 percent.
After adjusting for prices changes, overall domestic wholesale trade registered a growth of 1.5 percent.
On an annual basis, domestic wholesale trade plunged 20.5 percent in the June quarter, following a 20.9 percent fall in the first quarter.
Foreign wholesale trade grew 9.1 percent over the quarter, while it tumbled 16.6 percent annually in the second quarter.
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