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 CET

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"
05:20pEUROPEAN COMMISSION DIRECTORATE GENERAL FOR JUSTIC : Joint statement by First Vice-President Timmermans and Commissioner Jourová welcoming the agreement on a new approach to business insolvency in Europe
PU
05:20pSTATE AID : Commission concludes Gibraltar gave around €100 million of illegal tax advantages to multinational companies
PU
05:17pUber loses latest UK legal bid to block worker rights for drivers
RE
05:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
05:16pNEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
05:16pNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
05:09pItaly's Conte hails EU budget deal, says govt priorities protected
RE
05:09pWALL STREET STOCK EXCHANGE : Stocks Rise Ahead of Final Fed Decision of the Year
DJ
05:08pThyssenkrupp to propose Merz as chairwoman as year of turmoil ends
RE
05:03pChina central bank unveils targeted tool to spur lending to small firms
RE
Latest news "Economy & Forex"
Advertisement