SINGAPORE,
February 21 (Xinhuanet) -- Singapore's domestic and foreign wholesale trade
indices both fell markedly in the fourth quarter of 2001, said latest
government statistics on Wednesday. The overall domestic
wholesale trade index continued to fall by 24.0 percent in the period as
compared with the same quarter of 2000, mainly as a result of lower sales of
petroleum and petroleum products and electronic and electrical
components. However, domestic wholesale trade of food, beverages
and tobacco rose by 6.1 percent -- the only activity that reported
positive growth throughout the year. After a substantial
growth of 29.4 percent in 2000, the overall domestic wholesale trade index
for the whole year of 2001 dropped by 11.5 percent over the previous year,
it added. The overall foreign wholesale trade index declined
sharply by 27.4 percent over the corresponding quarter of 2000, with the
major contribution to the drop coming from petroleum and
petroleum products, whose sales fell substantially by 36.2
percent. The only group which registered positive growth was
wholesaling of food, beverages and tobacco, which rose by 12.8 percent, it
noted. For the whole year of 2001, the overall foreign
wholesale trade index decreased by 11.6 percent, a sharp contrast to the 41.1
percent growth recorded in the previous year.
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