Print Edition - 2017-04-14  |  Money Digest

S’pore GDP grows 2.5pc in Q1

- Xinhua, SINGAPORE

Apr 14, 2017-

The Singapore economy rose 2.5 percent year-on-year in the first quarter, easing from the 2.9 percent growth in the previous quarter, according to estimates released by the Ministry of Trade and Industry on Thursday. Growth contracted by 1.9 percent on a quarter-on-quarter seasonally-adjusted annualised basis, after a strong rebound of 12.3 percent in the preceding quarter. The manufacturing sector expanded 6.6 percent year-on-year in the first quarter, lower than the 11.5 percent growth in the previous quarter. The sector was primarily supported by robust output expansions in the electronics and precision engineering clusters. On a quarter-on-quarter seasonally-adjusted annualised basis, the sector slumped 6.6 percent.

Published: 14-04-2017 09:27

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