Services sector turnover in the second quarter of 2026 rose 25.5 per cent from a year earlier, data from the Singapore Department of Statistics (SingStat) showed.Compared to the previous quarter, non-seasonally adjusted business receipts grew by 16.9 per cent, the department reported on Thursday (Aug 27).The data, which excludes accommodation, finance and insurance and real estate developers, showed that receipts in the second quarter stood at about $1.58 trillion.The quarterly indicator released by SingStat tracks the income earned by firms across Singapore's services sector.It is intended to provide insights on the short-term performances of the services industries, helping to guide business decisions and policy choices, SingStat said.Business receipts stood at about $283 billion, if wholesale trade, which reported a 27.8 per cent growth — mainly attributed to wholesale trade of electronic components, petroleum, and petroleum products — is excluded.With the exception of recreation and personal services and food and beverage, all other industries recorded year-on-year growth in the second quarter. Read more