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Singapore Q2 final GDP seen little changed from flash estimate of -4.6% q-o-q: Reuters poll

Friday, August 7, 2015 - 10:33
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Singapore's final second-quarter gross domestic product likely contracted 4.6 per cent from the previous quarter on an annualised basis, in line with the government's earlier estimate, a Reuters poll showed.

[SINGAPORE] Singapore's final second-quarter gross domestic product likely contracted 4.6 per cent from the previous quarter on an annualised basis, in line with the government's earlier estimate, a Reuters poll showed.

The median forecast in a Reuters survey of 11 economists also showed that GDP probably expanded 1.5 per cent in the April-June quarter from a year earlier, less than the 1.7 per cent in the advance estimate.

Expectations for a slight downward revision to second-quarter GDP growth had grown after data last month showed that industrial production in June shrank 4.4 per cent from a year ago, driven by a slide in marine and offshore engineering output and weakness in electronics and pharmaceuticals production.

REUTERS