News

Singapore Q2 GDP Growth Weakest in 10 Years
The economy of Singapore advanced 0.1 percent year-on-year in the second quarter of 2019, slowing from a downwardly revised 1.1 percent expansion in the previous period and well below market forecasts of a 1.1 percent rise, an advance estimate showed. It was the weakest growth rate since the second quarter of 2009, when the economy contracted 1.2 percent, as the manufacturing sector shrank further and construction output eased.
Published on 2019-07-12

Singapore Annual GDP Growth Slowest since 2009
The economy of Singapore grew an annual 1.2 percent in the first quarter of 2019, following a 1.3 percent expansion in the previous three-month period and missing market expectations of 1.5 percent, final data showed. It was the weakest growth rate since Q2 2009, when GDP shrank 1.7 percent.
Published on 2019-05-21

Singapore Annual GDP Growth Weakest since 2015
The economy of Singapore grew an annual 1.3 percent in the first quarter of 2019, following an unrevised 1.9 percent expansion in the previous three-month period and missing market expectations of 1.5 percent, advanced data showed. It was the slowest growth rate since Q4 2015, dragged by a contraction in manufacturing.
Published on 2019-04-12

Singapore GDP Annual Growth Rate Below Expectations
The economy of Singapore grew an annual 1.9 percent in the fourth quarter of 2018 (vs preliminary 2.2 percent), following an upwardly revised 2.4 percent expansion in the previous three-month period and missing market expectations of 2.1 percent, final data showed. It was the weakest growth rate since the third quarter of 2016 as services expansion slowed and construction output continued to fall.
Published on 2019-02-15

Singapore Q4 GDP Growth Weakest in Over 2 Years
The economy of Singapore grew an annual 2.2 percent in the fourth quarter of 2018, following an upwardly revised 2.3 percent expansion in the previous three-month period and missing market expectations of 2.7 percent, a preliminary estimate showed. It was the weakest growth rate since the third quarter of 2016 as services expansion slowed and construction output continued to fall.
Published on 2019-01-02

Singapore GDP Expands Below Expectations
The economy of Singapore grew an annual 2.2 percent in the third quarter of 2018, below market expectations of a 2.4 percent expansion; the 2.6 preliminary estimate, and the 4.2 percent print for the previous quarter, final data showed.
Published on 2018-11-22

Singapore Economy Expands 2.6% YoY in Q3
The economy of Singapore grew an annual 2.6 percent in the third quarter of 2018, slightly above market expectations of a 2.5 percent expansion but well below the 4.1 percent final growth rate for the previous quarter, advanced data showed.
Published on 2018-10-12

Singapore Q2 GDP Growth Revised Slightly Higher to 3.9%
The economy of Singapore grew an annual 3.9 percent in the June quarter of 2018, slightly above the advance estimate of a 3.8 percent growth but less than market consensus of a 4.1 percent rise. It followed an upwardly revised 4.5 percent expansion in the March quarter, with manufacturing sector expanding more than initially thought.
Published on 2018-08-13

Singapore GDP Growth Slows to 3.8% YoY in Q2
The economy of Singapore advanced 3.8 percent year-on-year in the second quarter of 2018, according to advance data, losing steam from a downwardly revised 4.3 percent climb in Q1 and below consensus expectations of a 4 percent expansion. Manufacturing and services lost steam, whereas construction contracted at a slower pace.
Published on 2018-07-13

Singapore GDP Growth Revised Higher to 4.4% in Q1
The economy of Singapore expanded 4.4 percent year-on-year in the first quarter of 2018, according to final data, gaining steam from a 3.6 percent climb in the previous period and surpassing expectations and the advanced estimate of 4.3 percent. It was the fastest growth rate in sixteen quarters.
Published on 2018-05-24

Singapore GDP Growth Climbs to 4.3% in Q1
The economy of Singapore expanded 4.3 percent year-on-year in the first quarter of 2018, according to advanced data, gaining steam from a 3.6 percent climb and matching consensus expectations. It was the second fastest growth rate in thirteen quarters. Manufacturing and wholesale & retail trade grew faster while construction continued to contract.
Published on 2018-04-13

Singapore Q4 GDP Growth Eases to 3.6%
The economy of Singapore expanded 3.6 percent year-on-year in the fourth quarter of 2017, slowing down from a 4-year high of 5.5 percent in the previous period but above the preliminary estimate of 3.1 percent. Manufacturing and wholesale & retail trade growth eased while construction continued to contract.
Published on 2018-02-14

Singapore GDP Annual Growth Beats Forecasts in Q4
The economy of Singapore expanded 3.1 percent year-on-year in the last three months of 2017, below an upwardly revised 5.4 percent rise in the previous quarter which was the highest growth rate in nearly four years. Figures came above market expectations of 2.7 percent, according to advance estimates. Considering full 2017, the GDP advanced 3.5 percent, higher than 2 percent in 2016 and the fastest expansion since 2014.
Published on 2018-01-02

Singapore GDP Growth Revised Up in Q3
The Singaporean economy grew 5.2 percent year-on-year in the third quarter of 2017, higher than an initial estimate of 4.6 percent and 2.9 percent in the prior quarter. It is the biggest expansion since the last quarter of 2013, led by a sharp acceleration in manufacturing.
Published on 2017-11-23

Singapore GDP Growth Surpasses Expectations in Q3
The Singaporean economy expanded 4.6 percent year-on-year in the third quarter of 2017, up from 2.9 percent in the prior quarter and stronger than market expectations of a 3.8 percent expansion, led by a sharp acceleration in manufacturing. On a quarterly basis, the advanced estimate showed that the GDP grew an annualized 6.3 percent in Q3, sharply surpassing the 2.4 percent growth of the previous quarter and the 3.2 percent expansion expected by consensus.
Published on 2017-10-13

Singapore GDP Growth Revised Up To 2.9% in Q2
The Singaporean economy expanded 2.9 percent year-on-year in the June quarter of 2017, up from 2.5 percent in the prior quarter and stronger than preliminary estimates of a 2.6 percent growth. All sectors recorded positive growth except for the construction and accommodation & food services sectors. The manufacturing sector continued be the best performing sector followed by finance & insurance and transportation & storage, final figures showed.
Published on 2017-08-11

Singapore Economy Expands 2.5% In Q2
The Singaporean economy expanded 2.5 percent year-on-year in the June quarter of 2017, equal to a downwardly revised 2.5 percent growth in the prior quarter and below market consensus of a 2.8 percent growth. While the manufacturing sector and services sector grew steadily, the construction sector continued its decline from last quarter, preliminary estimates showed.
Published on 2017-07-14

Singapore GDP Growth Revised Up To 2.7% In Q1
The Singaporean economy expanded 2.7 percent year-on-year in the March quarter of 2017, slower than 2.9 percent in the prior quarter but stronger than preliminary estimates of a 2.5 percent growth. While services sector rose at a faster pace and manufacturing increased further, construction fell less than in the prior quarter, final figures showed.
Published on 2017-05-25

Singapore GDP Grows More Than Expected In Q1
The Singaporean economy advanced 2.5 percent year-on-year in the first three months of 2017, lower than 2.9 percent growth in the previous period but above market expectations of a 2.4 percent expansion. It was the highest first quarter growth since 2014, mainly boosted by manufacturing, advance estimates showed.
Published on 2017-04-13

Singapore GDP Growth Revised Up To 2.9% In Q4
The Singaporean economy expanded 2.9 percent year-on-year in the last three months of 2016, higher than 1.2 percent in the previous period and above initial estimates of a 1.8 percent growth. It is the highest expansion since the fourth quarter of 2014, mainly boosted by manufacturing, final figures showed.
Published on 2017-02-17

Singapore GDP Grows 1.8% YoY In Q4
The Singaporean economy advanced 1.8 percent year-on-year in the fourth quarter of 2016 after growing by an upwardly revised 1.2 percent in the previous period and above market consensus of a 0.6 percent expansion, the advance estimate showed. Considering the full year, the economy advanced 1.8 percent, exceeding the government's previous forecast of 1.0-1.5 percent expansion, but still the lowest growth since 2009.
Published on 2017-01-03

Singapore Annual GDP Growth Revised Up to 1.1% in Q3
The Singaporean economy advanced 1.1 percent year-on-year in the third quarter of 2016, lower than a 2 percent expansion in the previous period but above preliminary estimates of a 0.6 percent growth. Figures came better than market expectations of a 1 percent expansion as the manufacturing sector increased and services were flat while construction increased less than anticipated.
Published on 2016-11-24

Singapore GDP Growth Weakest in Over 7 Years
The Singapore's economy expanded 0.6 percent year-on-year in the September quarter of 2016, compared to a downwardly revised 2.0 percent growth in the previous quarter and missing market consensus of a 1.7 percent expansion, preliminary estimates showed. It was the weakest growth since the June quarter 2009, as manufacturing and services sectors shrank while construction slowed.
Published on 2016-10-14

Singapore GDP Growth Revised Down to 2.1% YoY in Q2
The Singaporean economy grew by 2.1 percent year-on-year in the second quarter of 2016, the same pace as in the previous three months but slightly lower than a preliminary estimates of a 2.2 percent growth, final figures showed. On a quarter-on-quarter seasonally-adjusted annualized basis, the economy grew by 0.3 percent, much lower than a 0.8 percent expansion estimated earlier but slightly faster than a 0.1 percent expansion in the first quarter 2016.
Published on 2016-08-11

Singapore GDP Growth Revised Down to 2.1% YoY in Q2
Singapore's gross domestic product expanded 2.1 percent year-on-year in the the second quarter of 2016, unchanged from the first quarter and missing advanced estimate of 2.2 percent, final figures showed. Manufacturing was the main driver of growth while services and construction sectors slowed.
Published on 2016-08-11

Singapore GDP Annual Growth Rate Strongest in Over A Year
The Singapore's economy advanced 2.2 percent year-on-year in the June quarter of 2016, marginally higher than an upwardly revised 2.1 percent growth in the previous quarter and matching consensus, preliminary estimates showed. It was the fastest expansion since the March quarter 2015 as a rebound in manufacturing sector offset a slowdown in construction while services sector growth was steady.
Published on 2016-07-14

Singapore GDP Growth Confirmed at 1.8% YoY in Q1
The Singaporean economy expanded 1.8 percent year-on-year in the first three months of 2016, the same pace as in the previous two quarters and matching preliminary estimates, final figures showed. The construction sector grew at a faster pace while the services sector slowed and manufacturing contracted less than in the previous quarter.
Published on 2016-05-25

Singapore GDP Annual Growth Rate Steady in Q1
The Singapore's economy advanced 1.8 percent year-on-year in the first quarter of 2016, the same pace as in the previous two quarters and slightly above market expectations of a 1.7 percent growth, preliminary estimates showed. An expansion in construction and services sectors offset a contraction in manufacturing.
Published on 2016-04-14

Singapore GDP Growth Revised Down in Q4
The Singaporean economy expanded 1.8 percent year-on-year in the last three months of 2015, the same as in the previous quarter but lower than a 2 percent growth rate earlier estimated, final figures showed. Services advanced less than anticipated while manufacturing shrank at a faster pace. Considering full 2015, the GDP growth rate eased to 2 percent.
Published on 2016-02-24

Singapore GDP Growth Beats Forecast in Q4
The Singapore's economy advanced by 2 percent year-on-year in the fourth quarter of 2015, slightly faster than a downwardly revised 1.8 percent expansion in the previous quarter and beating market expectations of 1.3 percent growth, according to preliminary estimates. While both services and construction sectors expanded, manufacturing continued to shrink.
Published on 2016-01-04

Singapore GDP Revised Up to 1.9% YoY in Q3
The Singapore's economy expanded by 1.9 percent year-on-year in the third quarter of 2015, marginally down from a 2.0 percent growth in the preceding quarter but well above advance estimates of 1.4 percent. It is the slowest growth since the third quarter of 2012, as a faster increase in the wholesale & retail sector and a rebound in the transportation & storage and accommodation & food services sectors were unable to offset a further contraction in the manufacturing sector and a slowdown in the construction and business services sectors.
Published on 2015-11-25

Singapore GDP Growth Slows Sharply
The Singapore's economy expanded by 1.4 percent year-on-year in the third quarter of 2015, lower than an upwardly revised 2.0 percent expansion in the preceding quarter but above market expectations. It is the worst performance since the 2009 recession, as the construction and services sectors expansion slowed while manufacturing contracted further.
Published on 2015-10-14

Singapore GDP Growth Slows in Q2
The Singapore's economy expanded by 1.8 percent year-on-year in the second quarter of 2015, down from a 2.8 percent growth in the preceding quarter but slightly above advance estimates. It is the slowest growth since the third quarter of 2012, mainly due to a further contraction in the manufacturing, the accommodation & food services and the transportation & storage sectors while most other sectors in the economy slowed.
Published on 2015-08-11

Singapore GDP Growth at 3-Year Low
The Singapore's economy expanded by 1.7 percent year-on-year in the second quarter of 2015, lower than an upwardly revised 2.8 percent expansion in the preceding quarter and missing market forecasts. It is the slowest growth since the first quarter of 2012, as an expansion in the construction and the services sectors were unable to offset a decline in the manufacturing sector.
Published on 2015-07-14

Singapore GDP Revised Up to 2.6% in Q1
The Singapore's economy expanded by 2.6 percent on a year-on-year basis in the first quarter of 2015, up from a 2.1 percent growth in the preceding quarter and a preliminary estimate, as an expansion in the wholesale & retail trade and construction sector offset a decline in the manufacturing and a slowdown in the finance & insurance sector.
Published on 2015-05-26

Singapore Economy Grows at Steady Pace in Q1
The Singapore's economy expanded by 2.1 percent on a year-on-year basis in the first quarter of 2015, the same pace as in the preceding three month period as an expansion in the construction and the services sector offset a decline in the manufacturing.
Published on 2015-04-14

Singapore Economic Growth At Almost 2-Year Low
The Singapore economy expanded by 2.1 percent on a year-on-year basis in the fourth quarter of 2014, easing from the 2.8 percent rise in the preceding quarter as stronger growth in services was not enough to offset a decline in manufacturing.
Published on 2015-02-17

Singapore Economic Growth Slows in Q4
Singapore GDP expanded by 1.5 percent on a year on year basis in the fourth quarter of 2014, compared to 2.8 percent growth reported in the previous period, according to advance estimates. While expansion in construction and services moderated, manufacturing contracted.
Published on 2015-01-02

Singapore GDP Growth Revised UP
Singapore's GDP advanced 2.8 percent year-on-year in the third quarter of 2014, up from a revised 2.3 percent expansion in the preceding quarter and a preliminary estimate of 2.4 percent. The figure came above expectations, mainly driven by manufacturing.
Published on 2014-11-25

Singapore GDP Grows 2.4% in Q3
Advance estimates showed the Singapore economy advanced 2.4 percent year-on-year in the third quarter of 2014, the same pace as in the previous three months, as expansion in service sector and stable manufacturing output were able to offset a sharp slowdown in construction sector.
Published on 2014-10-14

Singapore GDP Growth Slows to 2.4% in Q2
Singapore’s economy expanded 2.4 percent year-on-year in the second quarter of 2014 after growing a revised 4.8 percent in the previous three month period due to a broad slowdown across all sectors of the economy.
Published on 2014-08-12

Singapore GDP Growth Slows in Q2
Advance estimates showed the Singaporean economy rose at the slowest pace in five quarters. The GDP advanced 2.1 percent in the second quarter of 2014, lower than the 4.7 percent growth in the previous three months, as production in all main sectors of the economy slowed.
Published on 2014-07-14

Singapore GDP Advances 4.9% YoY in Q1
Singapore’s economy expanded 4.9 percent year-on-year in the first quarter of 2014 after growing a revised 4.9 percent in the previous three months. The final figure comes slightly below the advance estimate of a 5.1 percent expansion.
Published on 2014-05-20

Singapore GDP Growth Slows in Q1
The Singapore economy grew by 5.1 percent on a year-on-year basis in the first quarter of 2014, lower than the 5.5 percent growth in the previous quarter, according to advance estimates. While manufacturing and construction accelerated, the services sector slowed.
Published on 2014-04-14

Singapore Economy Grows 5.5% in Q4
In the fourth quarter of 2013, Singapore GDP expanded 5.5 percent compared to a year ago, faster than the advance estimate of 4.4 percent.
Published on 2014-02-20

Singapore’s Economy Expands 4.4% in Q4
Singapore economy grew by 4.4 percent on a year-on-year basis in the fourth quarter of 2013, compared to 5.9 percent in the previous quarter, according to advance estimates. Expansion in manufacturing, construction and services eased compared to July to September period.
Published on 2014-01-02

Singapore's GDP Growth Beats Expectations in Q3
In the third quarter of 2013, Singapore's economy expanded 5.8 percent over a year earlier, up from 4.4 percent in the previous three-month period and mainly due to a rebound in electronics and transport engineering. Last month's advance estimate showed the economy grew at a slower pace of 5.1 percent.
Published on 2013-11-21

Singapore’s GDP Expands 5.1 % YoY in Q3
Based on advanced estimates, the Singaporean GDP grew by 5.1 percent year-on-year in the third quarter of 2013, compared to 4.2 percent in the previous quarter. It is the highest expansion in two years, mainly supported by the finance and insurance and wholesale and retail trade sectors.
Published on 2013-10-14

Singapore GDP Growth Revised Up to 3.8% YoY in Q2
In the second quarter of 2013, the Singapore economy grew by 3.8 percent on a year-on-year basis, compared to 0.2 percent in the previous quarter. Services grew more than expected, resulting in an expansion 0.1 percentage points above the preliminary estimate.
Published on 2013-08-12

Singapore GDP Expands by 3.7% YoY in Q2
Based on advance estimates, the Singapore economy grew by 3.7 percent on a year-on-year basis in the second quarter of 2013, compared to 0.2 percent in the preceding quarter. The expansion is largely due to a strong rebound in the manufacturing sector, mainly in pharmaceuticals and electronics.
Published on 2013-07-12

Singapore's GDP Growth Revised to 0.2% YoY in Q1 2013
In the first quarter of 2013, Singapore's GDP growth eased to 0.2 percent year-on-year, from 1.5 percent in the preceding quarter, mainly due to the decline in externally-oriented sectors such as manufacturing and wholesale trade. That's a much higher growth rate than previous advanced estimate that showed a 0.6 percent contraction.
Published on 2013-05-23

Singapore Economy Contracts 0.6% in Q1 2013
Based on advance estimates, in the first quarter of 2013, the Singapore economy contracted by 0.6 percent year-on-year, hurt by a drop in the manufacturing sector.
Published on 2013-04-12