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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