Singapore Q2 GDP growth figures to be released on Aug 11, 8am

SINGAPORE's gross domestic product (GDP) growth figures for the second quarter will be released at 8am on Aug 11, said the Ministry of Trade and Industry on Tuesday.

Its quarterly Economic Survey of Singapore report will include data on the overall GDP performance of the economy, sectoral performance, sources of growth, inflation, employment, and productivity in Q2 2015.

On Aug 8, Prime Minister Lee Hsien Loong will deliver his National Day message; private-sector economists expect him to narrow the government's GDP growth forecast to around 2 to 3 per cent, or even 1.5 to 2.5 per cent, from the current 2 to 4 per cent projection.

According to advance estimates released in July, the economy performed even worse than already-tepid expectations, contracting 4.6 per cent on a seasonally adjusted, quarter-on-quarter annualised basis.

In year-on-year terms, Q2 gross domestic product disappointed as well, growing just 1.7 per cent due to a 4 per cent contraction in the manufacturing sector.