Singapore Q2 GDP growth revised up to +2.2% (+0.5% expected)

Author: Eamonn Sheridan | Category: News

Singapore Q2 GDP +2.2 pct q/q at annualised, seasonally adjusted rate (Reuters poll +0.5 pct). The government's initial estimate (was out on July 14) was +0.4% q/q.

  • Singapore Q2 GDP +2.9 pct y/y (Reuters poll +2.6 pct). Advance estimate was +2.5%
  • Singapore Ministry of Trade and Industry (MTI) revises 2017 GDP growth forecast to 2.0 to 3.0 pct (previous forecast 1.0 to 3.0 pct)
  • Singapore trade agency revises 2017 total trade growth forecast to 6.0 to 7.0 pct and 2017 NODX growth forecast to 5.0 to 6.0 pct
  • Singapore Q2 manufacturing +2.9 pct q/q at annualised, seasonally adjusted rate
  • Singapore Q2 services +3.3 pct q/q at annualised, seasonally adjusted rate
  • Singapore Q2 finance and insurance +3.9 pct q/q at annualised, seasonally adjusted rate
Headlines via Reuters

Singapore's economy grew faster than initially estimated in the second quarter
  • Stronger services sector and manufacturing