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Q3 GDP revised upwards, lifted by manufacturing, but fears go unsoothed

Published Thu, Nov 24, 2016 · 09:50 PM
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Singapore

MANUFACTURING surprisingly became a source of support in Singapore's third-quarter economic growth, even as signs of stress emerged in the services sector.

Though the numbers enabled an upward revision of Q3 gross domestic product (GDP) growth data, economists are wondering if the worst is yet to come.

The full estimates for Singapore's GDP growth, released on Thursday, showed that the manufacturing sector grew 1.3 per cent year on year.

This is similar to the 1.4 per cent growth in the preceding quarter, and a surprising turnaround from th…

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