Singapore Q2 GDP grows annualized 0.1% q/q

  • Singapore Q2 GDP +0.1 pct q/q at annualised, seasonally adjusted rate; reuters poll -0.1 pct
  • Q2 GDP +2.4 pct from year ago; reuters poll +2.4 pct
  • Singapore q2 manufacturing +1.5 pct y/y vs +9.9 pct in q1
  • Finance and insurance +5.5 pct from year ago
  • Singapore sees total trade growing 1.5-2.5 pct, non-oil domestic exports falling 1.0-2.0 pct in 2014
  • Singapore Q2 services +2.6 pct from year ago

Headlines via Reuters

More from FastFT (gated):

  • Economists were expecting back to back quarterly slumps in Singapore. Instead, thanks to revisions, the city state produced back to back growth.
  • these are still pretty weak figures
  • Department of Statistics Singapore said global economic activities “are recovering modestly,” which should help the Singapore economy “to grow at a modest pace in 2014.”