More complete survey returns show Q1 construction much weaker than estimated: MTI
Construction sector contraction for Q1 revised to -6.1 per cent from an earlier -1.4 per cent
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
The overall GDP growth rate for Q1 was revised to 2.5 per cent from an earlier 2.7 per cent. A more significant revision was made to the construction sector growth rate, where it was revised down to -6.1 per cent from an earlier -1.4 per cent, a 4.7 percentage point difference.
This translates to about S$230 million in constant GDP terms, according to UOB economist Francis Tan's estimate.
Copyright SPH Media. All rights reserved.
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Beijing’s calculated silence on the Iran war
DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities
