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Manufacturing loses traction as services lead Q3 growth

Services and construction sectors save Singapore from technical recession as outlook for manufacturing remains dim

Published Wed, Nov 25, 2015 · 09:50 PM

Singapore

MANUFACTURING as a growth engine lost more of its traction in the third quarter, as service-producing industries took the lead and propelled the Singapore economy to expand more than expected.

Figures released by the Ministry of Trade and Industry (MTI) on Wednesday showed that manufacturing was the only sector that contracted, the first time this year. It shrank a year-on-year 6.2 per cent in the three months ended September.

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Singapore

Manufacturing loses traction as services lead Q3 growth

Economy & Policy

NTUC aims to do more to support PMEs, who now account for nearly half its membership

Daily Debrief: What Happened Today (Apr 25)

Singapore’s inflation eases more than expected in March, with headline inflation at 2.5-year low

8 in 10 firms in S-E Asia, Greater China positive about business environment: UOB survey

Flexi-work request guidelines not meant to prescribe blanket outcomes for employers or influence hiring of workforce: SNEF

Daily Debrief: What Happened Today (Apr 23)

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