Business Receipts Index
Measures the changes in the amount of business or operating receipts on a quarterly basis. It covers the services industries, excluding wholesale & retail trade and accommodation & food services.
The BRI is compiled based on survey data and administrative records of more than 11,000 enterprises. They include:
- Transport & Storage services
- Information & Communications services
- Financial & Insurance services
- Business services and
- Recreation, Community & Personal services.
The BRI is compiled at current prices, with 2014 as the base year.
Defined as a business or organisation unit engaged in one activity and operating in a single location. Thus, for a multi-activity firm or organisation, units engaged in separate activities in the same location constitute distinct establishments. Similarly,
each branch of a multi-branch organisation at a different location is conceptually a different establishment.
Gross Operating Surplus
The surplus accruing to owners from production before deducting any explicit or implicit interest charges, rent or other property incomes payable on the financial assets, land and other natural resources required to carry on the production.
Net Weighted Balance
Used in the measure of Business Expectations, to indicate the likely overall direction of change of a particular activity or industry. Net weighted balance is calculated by taking the difference between the weighted percentages of 'ups' and
A positive net weighted balance indicates upward trend while negative net weighted balance indicates a downward trend.
Refers to all expenditure incurred by the establishment in its business with adjustment for changes in inventory.
- Indirect taxes
- Work given out
- Rental and maintenance of machinery and equipment
- Legal, accounting and other professional services
- Rental and maintenance of premises
- Transport and travelling utilities
- Stationery and printing
- Postage and telecommunications
- Freight charges
- Other expenses that are connected with the establishment's operation
Refers to income earned from business operations, i.e. income from services rendered, sale of goods, commission fees and rental of premises, machinery and equipment.
Total remuneration comprises three components, namely, wages and salaries, employers' contribution to Central Provident Fund (CPF)/pension funds and other benefits.
These are reported separately for each category of persons engaged.
- Wages and Salaries
Refers to gross emoluments paid to employees during 2016, inclusive of commissions, bonuses, overtime pay and allowances before deduction of employees' contribution to CPF or any other deduction. For proprietors or partners, the item refers to
amount paid to or withdrawn by them during the year. However, this amount is not included in the analysis and tables of the report.
- Employers' Contribution to CPF/Pension Funds
Refers to the net amount contributed by employers towards their employees' CPF/pension funds. It does not include the amount paid to retired employees under company pension scheme.
- Other benefits
Comprises medical benefits, cost of food and accommodation, and other benefits in kind provided by employers. Allowances given to unpaid family workers are also included here.
- Directors' Fee
Refers only to the amount paid to directors for attending board of directors' meetings. It does not include the fees paid to directors who are actively engaged in running the establishment.
Retail Sales and Food & Beverage Services Indices
Measure the short-term performance of the retail and food & beverage services industries based on the sales records of retail and food & beverage establishments. Data for the compilation of the indices are primarily obtained from more than 620 enterprises covered in the monthly retail sales and food & beverage services surveys. The base year for the indices is 2017.
The indices are presented at both current prices and constant prices. Changes in the indices at current prices measure the changes in sales values resulting from changes in both price and quantity. By removing the price effect, the changes in
indices at constant prices measure the changes in the volume of economic activity.
Wholesale Trade Index
The Wholesale Trade Index (WTI) measures the short-term performance of wholesale trade activities. Data for the compilation of the WTI are sourced from over 1000 wholesale trade enterprises covered in the quarterly survey of wholesale trade as well as from administrative records. The base year for the WTI is 2017.
Two series of the WTI are compiled – Domestic WTI and Foreign WTI. The Domestic WTI records wholesale sales in Singapore. The Foreign WTI measures wholesale sales outside Singapore, which comprises domestic exports, re-exports, transhipment cargo and offshore merchandise.
The indices are presented at both current prices and constant prices. Changes in the indices at current prices measure the changes in sales values which can result from changes in both price and quantity. By removing the price effect, the changes in indices at constant prices measure the changes in the volume of sales.