Indicators
Singapore Growth Quickens, Fueled by Manufacturing Revival
- Manufacturing and construction swung to expansion last quarter
- Easing price pressures also offers relief to city-state
Compared with a year ago, the economy expanded 2.9%, beating the survey forecast for a 2.7% gain.
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
Singapore’s economic growth accelerated in the second quarter, in signs the city-state’s recovery is gaining momentum as manufacturing rebounded.
Gross domestic product expanded 0.4% in the three months to June from the previous quarter, the Ministry of Trade and Industry said in its advance estimate Friday. That matches the median expectation in a Bloomberg News survey and is quicker than a revised 0.3% gain seen in the January-March period.