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Financial News: Singapore GDP Climbs 2.5% On Year In Q2

Singapore GDP Climbs 2.5% On Year In Q2

07/13/2017 - 20:15:00 (RTTNews)

(RTTNews) - Singapore's gross domestic product climbed 2.5 percent on year in the second quarter of 2017, the Ministry of Trade and Industry said in Friday's advance estimate.

That follows the 2.5 percent increase in the previous three months.

On a quarterly annualized, seasonally adjusted basis, GDP added 0.4 percent after sinking 1.9 percent in the three months prior.

The manufacturing sector expanded 8.0 percent on year in the first quarter, moderating from the 8.5 percent growth in the previous quarter. It added 2.4 percent on quarter.

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