RHB | Singapore | MAS Eases S$NEER Slope Following Close Shave With Recession

Economic Research	15 October 2015
Singapore
Economic Highlights
MAS Eases S$NEER Slope Following Close Shave With Recession Singapore’s advance 3Q GDP grew by an annualised rate of 0.1%, beating consensus estimates of a drop by the same magnitude, and improving from a decline of 2.5% in 2Q. Y-o-y, 3Q 2015 GDP expanded 1.4%, extending a sliding trend after growing 2.0% and 2.6% in the previous two consecutive quarters. The moderation in growth was broad-based, with manufacturing activities falling at a faster pace, while the construction and services producing sectors both slowed from the previous quarter. Economist:  Ng Kee Chou | +603 92802179
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