Singapore Annualised GDP Growth Moderated But Stronger Yoy In The 2Q
Singapore’s preliminary real GDP growth estimate slowed down to an annualised rate of 26.0% in the 2Q, after surging by a revised 45.9% in the 1Q (+38.6% estimate previously). The moderation was reflected in a slowdown in the manufacturing sector, which eased to 63.0% in the 2Q, from +201.4% in the 1Q. Similarly, activities in the services sector weakened to 11.7% in the 2Q, from +16.8% in the 1Q. These were, however, mitigated by a pick-up in construction activities to 35.9% in the 2Q, from +2.5% in the 1Q.
The World Economy... - 15/7/2010
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