Singapore's GDP Jumps by 2.2% in Q2
Singapore's GDP Jumps by 2.2% in Q2
Singapore - QNA
The Singapore economy grew by 2.2% in the second quarter of this year, marginally higher than the 2.1% expansion in the first quarter and matching analysts' expectations, according to advance estimates from the Ministry of Trade and Industry (MTI) on Thursday.
On a quarter-on-quarter, seasonally-adjusted annualised basis, gross domestic product (GDP) for the April-June period expanded 0.8% as manufacturing recovered, surpassing the 0.2% growth in the previous quarter.
The advance GDP estimates are computed largely from data in the first two months of the quarter and are subject to revision when more comprehensive data becomes available.
MTI will release the preliminary GDP estimates for the second quarter, including performance by sectors, sources of growth, inflation, employment and productivity, in its Economic Survey of Singapore in August 2016
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