Singapore – 3Q 2018 GDP (Advance)
12/10/2018 09:57 am MYT
T +
T -

Based on advanced estimates, the Singapore economy grew by 2.6%, year-on-year, in 3Q 2018 – see figure 1. Growth in the manufacturing sector slowed to 4.5%, with output in most manufacturing clusters recorded slower growth. Meanwhile, the construction sector contracted by 3.1% from a year ago, weighed down by a decline in public sector construction activities.

The services-providing industries expanded by 2.9% (see table 1), supported by the finance & insurance, business services and wholesale & retail trade sectors.

On a quarter-on-quarter seasonally adjusted annualised basis, real GDP increased by 4.7% in 3Q 2018. All sectors expanded at a faster pace than the preceding quarter – see table 2.


Note from Publisher
The much-awaited talk between president Xi Jinping and Donald Trump at the G-20 Summit in Buenos Aires ended with a tariff truce between the two economic giants. The US stock markets rallied in response. However, the rally was short-lived when the markets realised that there are still many uncertainties in the trade conflict between the two countries. In addition, a section of the US yield curve became inverted for the first time in more than a decade, signaling a potential recession in the US economy.

i Capital has advised subscribers since last year to watch the US yield curve carefully and it has also asked a number times whether the US economy is about to enter into a recession. Although chairman Powell has caved in to Trump’s crude bullying, the threat of the US yield curve fully inverting and a 2019 US recession has not subsided.

Meanwhile, has soft launched a new interactive chart section. Subscribers are encouraged to try out this new exciting feature in Subscribers can conduct their own economic and technical analyses by viewing the charts of their chosen economic indicators or stocks, according to their preferred chart types and time periods. They can also compare multiple economic indicators or stocks across countries and more. Do try it out and let us know what you think.
Stock Selections
Corporate News