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SINGAPORE: Business receipts of the services industries excluding wholesale & retail trade and accommodation & food services, rose 8 percent in the third quarter of 2013, compared to the previous year.
On a quarter-on-quarter basis, business receipts were up 0.7 percent.
SINGAPORE: Most industries in the services sector are optimistic about the business prospects for the six months ending March 2014, according to a survey by the Department of Statistics Singapore (DOS).
DOS said that overall, a net weighted balance of 8 per cent of firms in the services sector expect better business prospects for the period of October 2013 to March 2014.
It added that majority of the firms expect the business situation to remain unchanged in the six months ahead.
All industries within the services sector are upbeat about business prospects, with the exception of real estate and community & personal services industries.
SINGAPORE: Singapore has upgraded its economic growth forecast for the year, boosted by growth in the services and manufacturing sectors.
The economy is now expected to grow between 3.5 and 4 per cent, up from an earlier forecast of 2.5 to 3.5 per cent.
Singapore's economic growth picked up pace between July and September.
Third quarter Gross Domestic Product (GDP) rose 5.8 per cent on-year. This is compared to the 4.4 per cent growth in the previous quarter, and higher than advance estimates of a 5.1 per cent growth.
