Singapore – 3Q 2018 GDP (Advance)
12/10/2018 09:57 am MYT
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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
i Capital will not be published for the week of 28 May – 3 Jun, 2020. However, during this period, will be updated as usual. Apart from the public holidays, our office’s operating hours will not be affected. Volume 31, number 38 of i Capital will hence be dated 4 – 10 Jun, 2020.

Even four months after the Covid-19 pandemic broke out, scientists still do not fully understand the mysterious coronavirus - hence, no cure is in sight. Although an increasing number of countries are relaxing restrictions and reopening their economies, with the threat of the SARS-CoV-2 virus still grave and present, most businesses cannot operate normally and some remain closed. As a result, the retrenchment wave has started, with the SME Association of Malaysia reporting that some companies have already retrenched a third of their staff, with more retrenchments on the way. Meanwhile, the Malaysian Employers Federation, the country’s biggest federation of employers, warned that more than 2 mln people may lose their jobs after Raya.

These are scary numbers with serious repercussions. How does one manoeuvre during this very challenging time? Capital Dynamics invites you to join Tan Teng Boo and team in a lively online discussion on 30 May. Please visit to find out how you can participate.
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