Q3 GDP performance uneven across sectors
Manufacturing rebounds but construction contracts for a second consecutive quarter, advance estimates show
Singapore
SINGAPORE's economic sectors turned in a mixed performance in the third quarter of 2014, with manufacturing staging a turnaround, services growing at a much slower pace, and construction posting a second consecutive quarter of contraction (view infographic).
The economy expanded 1.2 per cent on a seasonally adjusted quarter-on-quarter annualised basis, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Tuesday. This marked a reversal from the 0.1 per cent contraction in Q2, which was revised down from an earlier estimate of 0.1 per cent growth.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Economy & Policy
Daily Debrief: What Happened Today (Apr 29)
Singapore factory output reverses into negative territory in March, down 9.2%
‘Proactive action’ needed to tackle skills mismatches in Singapore: SNEF
Tripartism and trust will help Singapore navigate a world ‘fraught with uncertainties’: Tan See Leng
Daily Debrief: What Happened Today (Apr 26)
Singapore must prepare for slower growth at higher costs: MAS