RHB | Singapore | Slight Upward Revision For Singapore’s 2Q GDP But Manufacturing Worries Mount

Economic Research	12 August 2015
Singapore
Economic Highlights
Slight Upward Revision For Singapore’s 2Q GDP But Manufacturing Worries Mount Singapore’s preliminary 2Q 2015 GDP fell by a seasonally adjusted annual rate of 4.0%, improving on its -4.6% advance reading. The moderation in contraction was due to significantly stronger construction sector growth (+2.9%, from -0.2% in the advance reading) and smaller drop in the services producing industries (-1.1% from -2.6% in the advance reading). However, the manufacturing sector plunged 18.3%, from -14.0% in the earlier reading, capping some of the upside. Economist:  Ng Kee Chou | +603 92802179
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