FOREX TradingCharts.com

Financial News: Singapore GDP Growth Slows In Q4

Singapore GDP Growth Slows In Q4

01/02/2018 - 00:48:00 (RTTNews)

(RTTNews) - Singapore's economic growth eased in the fourth quarter on weaker manufacturing, the advance estimate from the Ministry of Trade and Industry showed Tuesday.

Gross domestic product expanded 3.1 percent year-on-year in the fourth quarter of 2017, following the 5.4 percent growth seen in the previous quarter.

Similarly, on a quarter-on-quarter seasonally-adjusted annualized basis, the economy expanded at a slower pace of 2.8 per cent after logging 9.4 percent expansion.

The slowdown was largely caused by the deceleration in the manufacturing sector and continuing contraction in construction.

Manufacturing growth eased sharply to 6.2 percent on a yearly basis from 19.2 percent in the third quarter. Services producing industries grew 3 percent, which was also weaker than the 3.2 percent rise seen a quarter ago.

At the same time, construction shrank 8.5 percent versus a 7.7 percent drop in the preceding period.

For the whole of 2017, the city-state economy grew 3.5 percent, which was in line with the MTI's earlier growth forecast of '3.0 to 3.5 percent'.

Krystal Tan, an economist at Capital Economics, said the upshot is that Singapore's economy should remain in good health in 2018, even though growth is likely to slow.

The economist expects the impact of a slowdown in China to be cushioned by continued health in the US and Europe. However, monetary and fiscal conditions are likely to turn less supportive, Tan added.

In the New Year message, Prime Minister Lee Hsien Loong said the nation made steady progress on long-term goals.

Lee said the external environment will remain uncertain in 2018. The Korean Peninsula is a source of growing tension and anxiety.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


BRAZIL: Ibovespa Closes At Fresh Record High As Traders Eye The Coming Week (04 hr(s), 01 min(s), 11 sec(s) ago)
(RTTNews) - Ibovespa, the benchmark stock market index in Brazil, rose 0.32% Friday and ended the ...Full Story»

Japan Condominium Sales Data Due On Monday (04 hr(s), 13 min(s), 11 sec(s) ago)
(RTTNews) - Japan will on Monday see December figures for condominium and convenience store sales, ...Full Story»

ARGENTINA: Merval Falls On Profit-taking, But Climbs Higher In The Week (04 hr(s), 32 min(s), 11 sec(s) ago)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, fell 1.31% Friday, closing ...Full Story»

COLOMBIA: Colcap Falls 0.10% Due To Low Trading Volume (05 hr(s), 01 min(s), 11 sec(s) ago)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.11% at 1,546.33 points ...Full Story»

CCR: Company May Bid For Subway Lines In Peru And Colombia (06 hr(s), 0 min(s),11 sec(s) ago)
(RTTNews) - Brazilian infrastructure firm Companhia de Concessões Rodoviárias (CCR) may take par ...Full Story»

ARGENTINA: President Macri To Travel To Moscow To Meet Putin (06 hr(s), 30 min(s), 11 sec(s) ago)
(RTTNews) - Argentinean President Mauricio Macri is expected to arrive at Moscow on Tuesday for a ...Full Story»

ARGENTINA: U.S. To Eliminate Import Duties To More Than 700 Products (06 hr(s), 36 min(s), 11 sec(s) ago)
(RTTNews) - Argentina will be able to export more than 700 products to the United States with a ze ...Full Story»

ARGENTINA: International Reserves Increased To US$ 55.055 Bln In December (06 hr(s), 44 min(s), 11 sec(s) ago)
(RTTNews) - The Argentinean central bank (BCRA) international reserves increased by US$ 491 millio ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

BRAZIL: Ibovespa Closes At Fresh Record High As Traders Eye The Coming Week

01/21/2018 - 17:42 PM (RTTNews)
(RTTNews) - Ibovespa, the benchmark stock market index in Brazil, rose 0.32% Friday and ended the ...Full Story>>

Japan Condominium Sales Data Due On Monday

01/21/2018 - 17:30 PM (RTTNews)
(RTTNews) - Japan will on Monday see December figures for condominium and convenience store sales, ...Full Story>>

ARGENTINA: Merval Falls On Profit-taking, But Climbs Higher In The Week

01/21/2018 - 17:11 PM (RTTNews)
(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, fell 1.31% Friday, closing ...Full Story>>

COLOMBIA: Colcap Falls 0.10% Due To Low Trading Volume

01/21/2018 - 16:42 PM (RTTNews)
(RTTNews) - Colcap, the main index of the Colombian Stock Exchange, fell 0.11% at 1,546.33 points ...Full Story>>

CCR: Company May Bid For Subway Lines In Peru And Colombia

01/19/2018 - 15:43 PM (RTTNews)
(RTTNews) - Brazilian infrastructure firm Companhia de Concessões Rodoviárias (CCR) may take par ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.