Singapore services receipts down 1.1% in Q1

Singapore

SINGAPORE'S services sector saw receipts fall 1.1 per cent year on year in the first quarter of 2020, in a reversal from the previous quarter's 4.5 per cent growth, according to a Department of Statistics release on Wednesday.

Amid the Covid-19 outbreak, the greatest decline was for recreation and personal services. But the quarterly index excludes wholesale and retail trade, as well as accommodation and food services - sectors that have been severely hit by the pandemic and accompanying control measures.