Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Singapore GDP Growth Eases to 2.6% in 3rd Quarter

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/12/2018 | 02:32am CEST

By Gaurav Raghuvanshi

SINGAPORE--Singapore's economy grew at a slower-than-expected pace in the third quarter, though both manufacturing and construction recovered from the previous three months.

Gross domestic product grew 4.7% on a seasonally adjusted and annualized basis in the July-September period versus the previous three months, according to advance estimates released by the Ministry of Trade and Industry on Friday. That compared with a upwardly-revised 1.2% expansion in the previous three months and a 5.4% growth estimate by a Wall Street Journal poll of economists.

The economy is estimated to have expanded 2.6% in the third quarter from a year ago, slowing from a revised 4.1% growth in the previous quarter. The economists' poll had a median forecast for 2.6% on year growth in the third quarter.

Manufacturing output grew 4.5% year-over-year, after a 10.6% gain in the second quarter. Measured on quarter, manufacturing growth accelerated to 7.6% from 2.9% in the second quarter.

The construction sector contracted 3.1% from a year ago after a 4.2% decline in the second quarter. Measured on quarter, the construction sector grew 1.7%, reversing a 14.5% decline in the previous three months.

Services output was steady, expanding 2.9% on year, the data showed.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
05:01aChina Growth Slows to 6.5%; Finance Officials Try to Soothe Worried Investors
DJ
04:59aINSTANT VIEW : China's third quarter GDP rises 6.5 percent year-on-year, slowest since 2009
RE
04:59aChina's September property investment slows, sales fall
RE
04:52aCHINA ABLE TO REACH 2018 GROWTH TARGET : stats bureau
RE
04:45aChina Housing Sales Growth Slows
DJ
04:39aKendall Court investing $55 million in Indonesian company's hospital expansion
RE
04:38aMEKONG TOURISM COORDINATING OFFICE : partners with TAT to feature nine new travel corridors on travel inspirational platform Mekong Moments
PU
04:34aAso says U.S. currency report won't restrict Japan's FX policy
RE
04:27aAustralia's NAB cuts 300 staff over wrongdoing
RE
04:25aChina recent stock market fluctuations driven by investor sentiment - central bank governor
RE
Latest news "Economy & Forex"
Advertisement