2. Classification of sectors
‘Manufacturing’ refers to the physical or chemical transformation of materials or components into new products.
‘Services’ refer to all services including distributive trade; hotels and restaurants; business, professional and ICT services; private education and health; entertainment; financial intermediation; and manufacturing-related services such as research and development (R&D), logistics, warehouse, engineering etc.
‘Others’ refer to the remaining three (3) key economic activities, namely: