Singapore GDP grows 2.4 per cent in third quarter
SINGAPORE – The Republic’s economy expanded 2.4 per cent in the third quarter of this year from a year ago based on advance estimates, the Ministry of Trade and Industry (MTI) said today (Oct 14). The growth was unchanged from the previous quarter.
SINGAPORE – The Republic’s economy expanded 2.4 per cent in the third quarter of this year from a year ago based on advance estimates, the Ministry of Trade and Industry (MTI) said today (Oct 14). The growth was unchanged from the previous quarter.
On a quarter-on-quarter seasonally-adjusted annualised basis, the economy expanded by 1.2 per cent.
Both the manufacturing and construction sectors grew 1.4 per cent on a year-on-year basis while the services sector recorded a stronger showing with a 2.9 per cent year-on-year growth.