Services

Business Receipts Index (BRI)

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 in the 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.

Establishment (Services)

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 'downs'.

A positive net weighted balance indicates upward trend while negative net weighted balance indicates a downward trend.

Operating Expenditure (Services)

This refers to all expenditure incurred by the establishment in its business, with adjustment for changes in inventory. It includes remuneration, purchases, indirect taxes, work given out, rental and maintenance of machinery and equipment, legal, accounting and other professional services, rental and maintenance of premises, depreciation, transport and travelling, utilities, advertisement, entertainment, stationery and printing, postage and telecommunications, fuel, freight charges and other expenses that are connected with the establishment’s operation. 

Operating Receipts/Turnover

This 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.

Remuneration

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.

  1. Wages and Salaries
    Wages and Salaries- This refers to gross emoluments paid to employees during the reference year, 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 tables.
  2. Employers' Contribution to CPF/Pension Funds
    This 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.
  3. Other benefits
    This 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.
  4. Directors' Fee
    This item 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

The 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 used 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 conducted by DOS. The base year for the indices is 2017. The indices are presented at current and constant prices. Changes in the indices at current prices measure changes in sales values, which can result from changes in price and quantity. By removing the price effect, changes in indices at constant prices measure changes in the volume of economic activity in these industries.

Wholesale Trade Index (WTI)

The Wholesale Trade Index (WTI) measures the short-term performance of the wholesale trade industry. Data used for the compilation of the WTI are obtained from the Quarterly Wholesale Trade Survey conducted by DOS, as well as from administrative sources. The base year for the WTI is 2017. The WTI series is presented at current prices and constant prices. The indices at current prices measure the changes in sales values, which can result from changes in price and quantity. After removing the price effect, the indices at constant prices measure the changes in the volume of economic activity in the wholesale trade industry.