Singapore’s services sector saw receipts decline 7.9% y-o-y in 4Q2020, according to the latest Business Receipts Index (BRI) released by the Department of Statistics (SingStat) on Feb 26. This is an improvement from the 10.2% y-o-y decline in the 3Q2020.

Quarter-on-quarter, the quarter registered a 7.9% growth from 3Q2020. This follows the 5.5% q-o-q growth recorded in the 3Q2020.

The BRI measures the short-term changes in the amount of business or operating receipts on a quarterly basis. The BRI is compiled at current prices.

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