Decline in Singapore's domestic and foreign wholesale sales see improvement in last quarter of 2020

Singapore’s domestic wholesale sales plunged 27.2% y-o-y in the last quarter of 2020 ended December, improving from the 36.4% decline seen in the previous quarter ended September.

This follows lower petroleum sales, according to the wholesale trade index released by the Department of Statistics (Singstat) on Feb 19.

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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