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Twin engines of growth sputter in Q3 with sequential declines

Economists warn of tougher times ahead, especially in services sector
Saturday, October 15, 2016 - 05:50
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Biomedical manufacturing (above), together with transport engineering and general manufacturing saw a chilling decline in output as the sector registered a 17.4 per cent sequential contraction.

Singapore

SINGAPORE'S twin engines of growth - the services and manufacturing sectors - floundered spectacularly in the third quarter of 2016, leaving the market aghast and prompting a round of forecast cuts.

Together, the two sectors pulled overall gross domestic product squarely

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