ECONOMY | Staff Reporter, Singapore

Business services sector grows 1.8% in Q2

Thanks to the professional services segments.

Singapore's business services sector managed to improve its growth from the past quarter, registering a 1.8% expansion from Q1's 0.9%.

According to the quarterly report by the Ministry of Trade and Industry, the improvement was due primarily to the growth seen in professional services segments and others.

The ‘others’ segment consists of rental & leasing, other professional, scientific & technical services, and other administrative & support services.

Meanwhile, the real estate segment’s performance improved on the back of a moderation in the decline of private residential property prices as well as healthy sales transactions. 

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