RHB | Singapore | Singapore GDP Stumbles On Weak Manufacturing

Economic Research	15 July 2015
Singapore
Economic Highlights
Singapore GDP Stumbles On Weak Manufacturing Singapore’s advance 2Q GDP fell by an annualised rate of 4.6%, wiping out its +4.2% reading from the previous quarter, with manufacturing once again leading the downside. Y-o-y, 2Q 2015 GDP underperformed consensus estimate, growing 1.7%, down from +2.8% in 1Q and +2.1% in 4Q 2014. Economic growth was let down by the manufacturing and services sectors but mitigated by stronger growth in construction activities. Economist:  Ng Kee Chou | +603 92802179
To access our recent reports please click on the links below: 01 July 2015: Divergence Between Broad Money And Loan Growth To Correct In 2H 29 June 2015: Singapore Industrial Production Likely To Have Troughed 23 June 2015: Consumer Prices Slow Decline, But Core CPI A Cause For Concern   04 February 2015 :Money Supply Softened During 2014, But likely Gain Pace In 2015 27 January 2015: Industrial Production Inched Up in 2014, Outlook Envisaged To Improve In 2015