[SINGAPORE] Retailers in the Republic are greatly interested in the use of artificial Singapore’s wholesale trade sector posted a sharp contraction in the second quarter of 2025, with domestic wholesale sales falling 10.9% YoY and 2.7% QoQ, according to the latest data from the Department of Statistics Singapore. Foreign wholesale trade also declined, with total overseas sales down 7.1% YoY and 4.6% from the previous quarter. However, when petroleum products are excluded, the picture is slightly more optimistic—non-petroleum foreign sales rose 1.1% YoY and 0.8% QoQ, suggesting demand remains resilient in selected segments. The steepest drops were seen in energy-related and chemical industries. Domestic sales in Chemicals & Chemical Products plunged 43.7%, whilST Petroleum & Petroleum Products sales dropped 18.9% compared to Q2 2024.   https://sbr.com.sg/economy/news/singapore-wholesale-sales-drop-109-q2-trade-slows (ICE SINGAPORE)

Fonte notizia: Singapore Business Review, 21 August 2025