Singapore services industries grows by 11.6 per cent in 3rd quarter

SingaporeSingapore- Singapore's business receipts for services industries rose by 11.6 per cent in the third quarter of this year over the same period of 2007, the Singapore Department of Statistics said Thursday.

Turnover of water transport services grew by 19.6 per cent in the third quarter from a year ago, with contribution from shipping lines and firms engaged in ship and boat leasing.

Revenue of the post and telecommunications industry rose by 4.6 per cent, while business receipts of the financial services industry grew by 5 per cent.

The real estate services industry expanded by 8.7 per cent in the third quarter from the third quarter of 2007.

The business services industry recorded an increase of 16.1 per cent for the third quarter compared with same quarter of last year, education services industry rising by 17.9 per cent and health services industry by 9.5 per cent. (dpa)

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