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Decline in Singapore's domestic and foreign wholesale sales see improvement in 3Q2020

Amala Balakrishner
Amala Balakrishner11/20/2020 01:13 PM GMT+08  • 3 min read
Decline in Singapore's domestic and foreign wholesale sales see improvement in 3Q2020
Domestic wholesale sales plunged 36.4% in 3Q2020 improving from the 40.6% decline seen in 2Q2020.
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Singapore’s domestic wholesale sales plunged 36.4% year-on-year in 3Q2020 ended September, improving from the 40.6% decline seen in the previous quarter ended June.

This follows lower petroleum sales, according to the wholesale trade index released by the Department of Statistics (Singstat) on Nov 20.

The metric measures the short-term performance of the wholesale trade industry, which encompasses wholesalers who supply merchandise to manufacturers as well as institutional clients who consume the products.

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