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.

 

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