Singapore economy grows 4.3% in Q1

Singapore economy grows 4.3% in Q1

FILE PHOTO: A view of the skyline of Singapore March 26, 2017.
REUTERS/Woo Yiming/File Photo
SINGAPORE: The Singapore economy grew strongly in the first quarter, registering a 4.3 per cent growth year-on-year – up from 3.6 per cent in the fourth quarter of last year, according to advance estimates released by the Ministry of Trade and Industry (MTI).On a quarter-on-quarter seasonally adjusted annualised basis, the economy expanded by 1.4 per cent, easing from the 2.1 per cent growth in the fourth quarter, the ministry said in a press release on Friday (Apr 13).
The manufacturing sector remained the brightest spot in the economy with an expansion of 10.1 per cent on a year-on-year basis, a surge from the 4.8 per cent growth in the previous quarter.
Details to come.
Source: CNA/cy
Source : http://www.channelnewsasia.com/news/singapore/singapore-gdp-economy-q1-2018-growth-10133542