Services firms in Singapore post 2.8% rise in income in Q2 over year ago

The Singapore Business District skyline at night as seen from 50th floor of The Pinnacle on Sept 19, 2013, showing the skyscrapers which house offices and banks. Takings for services firms in Singapore rose 2.8 per cent in the second quarter of
The Singapore Business District skyline at night as seen from 50th floor of The Pinnacle on Sept 19, 2013, showing the skyscrapers which house offices and banks. Takings for services firms in Singapore rose 2.8 per cent in the second quarter of the year from a year ago. -- PHOTO: ST FILE

SINGAPORE - Takings for services firms in Singapore rose 2.8 per cent in the second quarter of the year from a year ago.

But they remained largely unchanged from the first quarter, according to the business receipts index published by the Department of Statistics on Wednesday.

Almost across the board, services companies reported higher takings in the April to June period from the previous year.

Health and social services saw the largest increase in income of 8.2 per cent, while financial and insurance firms posted a rise of 4.5 per cent and education providers took in 4.1 per cent more.

Firms dealing in information and communications, real estate, recreation and personal services, and transport and storage also enjoyed higher income from the year before.

Only business services excluding real estate suffered a dip in revenues of 0.1 per cent from the preceding year.

Compared to the first quarter, real estate companies took in 5.8 per cent more in income in the second quarter, the Department of Statistics data showed.

Education providers ended up on the other end of the spectrum, with their takings falling 16.5 per cent in April to June over January to March.