ECONOMY | Staff Reporter, Singapore

Domestic wholesale trade up 11.3% YoY in Q3

However, it fell 3.7% QoQ.

Domestic wholesale trade grew 11.3% YoY in Q3, according to latest data from the government statistics agency.

The growth was led by domestic sales in petroleum and petroleum products (23%), ship chandlers and bunkering (20.9%) and general wholesale trade. (13.8%).

However, it declined 3.7% QoQ in Q3. Overall domestic wholesale trade fell 5.6% over the previous quarter after removing price effect.

The household equipment and furniture posted the largest decline at 20% QoQ, followed by petroleum products (6.8%) and food, beverages and tobacco (3.2%). 

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