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Real estate and banking weigh on services' Q2 growth

Services up by only 1.4% year on year in Q2; manufacturing clocks first rise in over a year - 1.1%

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Full estimates of Singapore's Q2 economic performance were released on Thursday by the Ministry of Trade and Industry (MTI).

Singapore

WORRYING performances from real estate and the banking sector dragged on services growth in Singapore in the second quarter, while the electronics and biomedical clusters boosted manufacturing, which posted its first year-on-year growth in more than seven quarters.

sentifi.com

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