Services sector expands 4.2% in fourth quarter as all segments record growth
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Companies in the services industries enjoyed higher growth in the fourth quarter of last year, led by firms in education and real estate services. -- PHOTO: MDIS COLLEGE
COMPANIES in the services industries enjoyed higher growth in the fourth quarter of last year, led by firms in education and real estate services.
The services sector's business receipts expanded by 4.2 per cent in the quarter compared with the same period a year ago, according to the latest figures from the Department of Statistics.
This marked an acceleration from the 2.8 per cent rise in the third quarter.
Growth was seen in all segments across the board, especially in education, real estate and financial services, said the statistics department.
