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Singapore – 1Q 2019 GDP (Advance)
12/04/2019 10:19 am MYT
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Based on advanced estimates, the Singapore economy grew by 1.3%, year-on-year, in 1Q 2019 – see figure 1.

In 1Q 2019, the manufacturing sector contracted 1.9%, a reversal from the 5.1% growth in the previous quarter. The sector was weighed down by output declines in the precision engineering and electronics clusters, which more than offset output expansions in the biomedical manufacturing and transport engineering clusters. Meanwhile, the construction sector expanded by 1.4% from a year ago, which is the first quarter of positive growth following ten consecutive quarters of decline. The expansion was driven by immprovements in private sector construction activities.

The services-providing industries expanded by 2.1% (see table 1), supported by the information & communications and business services sector.

On a quarter-on-quarter seasonally adjusted annualised basis, real GDP increased by 2.0% in 1Q 2019. The manufacturing sector contracted by 12%, a sharper decline than in the previous quarter – see table 2.

 

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Note from Publisher
Despite being a multi-racial, multi-cultural, and multi-religious society, Malaysia has largely been a peaceful country. This is a great achievement in light of a world that is being ravaged by multiple conflicts. Unfortunately, certain individuals and groups have hated this precious social fabric of the country and are making every effort to tear it apart. People say “you never know what you have until you lose it”. We really hope these selfish and irresponsible people will come to their senses before it is too late.

Nevertheless, it is heartening to see that the Malaysian media and civil society organisations have collectively launched a campaign called “Maaf Zahir Batin Hari Hari” or known as #MZB365 to help heal a dividing Malaysia. Carrying the meaning of “please forgive my wrongs, both thoughts and deeds”, the campaign will run for one whole year. This initiative could not have come at a better time. We believe the majority of Malaysians still treasure the country’s unique social fabric. With #MZB365, hopefully the silent majority can have a bigger voice to counter the destructive noises of the divisive minority.
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