FOREX TradingCharts.com

Financial News: Singapore GDP Surges 8.8% In Q3

Singapore GDP Surges 8.8% In Q3

11/22/2017 - 19:47:00 (RTTNews)

(RTTNews) - Singapore's gross domestic product expanded a seasonally adjusted 8.8 percent on quarter in the third quarter of 2017, the Ministry of Trade and Industry said in Thursday final revision.

That was up from last month's advance estimate of 6.3 percent on quarter, and it accelerated from 2.2 percent in the second quarter.

On a yearly basis, GDP jumped 5.2 percent - again improving on the estimate of 4.6 percent and up from 2.9 percent in the three months prior.

The manufacturing sector surged 34.6 percent on quarter and 18.4 percent on year, while the construction sector contracted 5.3 percent on quarter and 7.6 percent on year.

Wholesale and retail trade added 2.1 percent on quarter and 2.2 percent on year, while transportation advanced 4.8 percent on quarter and 4.6 percent on year.

Accommodations advanced 4.1 percent on quarter but contracted 2.1 percent on year, while the communications sector jumped 10.9 percent on quarter and 4.9 percent on year.

The finance sector expanded 7.6 percent on quarter and 5.9 percent on year, while the business services sector shrank 1.0 percent on quarter but gained 1.4 percent on year.

Upon the release of the data, the MTI upgraded its GDP growth forecast for 2017 to 3.0 to 3.5 percent.

For 2018, the MTI sees GDP growth at between 1.5 and 3.5 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


PAMPA ENERGIA: Company To Sell Assets To Trafigura For US$ 90 Million (07 min(s), 44 sec(s) ago)
(RTTNews) - Argentinean energy company Pampa Energía will sell its refining and distribution asse ...Full Story»

ECOPETROL: Fitch Affirms BBB Rating With Stable Outlook (12 min(s), 44 sec(s) ago)
(RTTNews) - Credit risk agency Fitch Ratings affirmed the Colombian state-owned oil company Ecopet ...Full Story»

VENEZUELA: Government Candidates Win Local Elections Amid Opposition Boycott (16 min(s), 44 sec(s) ago)
(RTTNews) - Pro-government candidates won more than 300 of the 335 local elections held in Venezue ...Full Story»

Latvia October Trade Deficit Widens (06 hr(s), 28 min(s), 44 sec(s) ago)
(RTTNews) - Latvia's trade deficit for October widened from a year ago as imports grew faster ...Full Story»

BCC Trims UK Growth Outlook On Brexit Uncertainty (06 hr(s), 49 min(s), 44 sec(s) ago)
(RTTNews) - The British Chambers of Commerce on Monday downgraded its growth projection citing wea ...Full Story»

Portugal Trade Deficit Widens As Imports Surge (07 hr(s), 17 min(s), 44 sec(s) ago)
(RTTNews) - Portugal's merchandise trade deficit widened in October, as exports growth was out ...Full Story»

China's Bank Lending Rises In November (07 hr(s), 56 min(s), 44 sec(s) ago)
(RTTNews) - China's bank lending increased in November despite measures taken by the governmen ...Full Story»

Turkey's GDP Growth At 6-Year High (08 hr(s), 31 min(s), 44 sec(s) ago)
(RTTNews) - Turkey's economy grew at the fastest pace in six years in the third quarter, the T ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

PAMPA ENERGIA: Company To Sell Assets To Trafigura For US$ 90 Million

12/11/2017 - 14:01 PM (RTTNews)
(RTTNews) - Argentinean energy company Pampa Energía will sell its refining and distribution asse ...Full Story>>

ECOPETROL: Fitch Affirms BBB Rating With Stable Outlook

12/11/2017 - 13:56 PM (RTTNews)
(RTTNews) - Credit risk agency Fitch Ratings affirmed the Colombian state-owned oil company Ecopet ...Full Story>>

VENEZUELA: Government Candidates Win Local Elections Amid Opposition Boycott

12/11/2017 - 13:52 PM (RTTNews)
(RTTNews) - Pro-government candidates won more than 300 of the 335 local elections held in Venezue ...Full Story>>

Latvia October Trade Deficit Widens

12/11/2017 - 07:40 AM (RTTNews)
(RTTNews) - Latvia's trade deficit for October widened from a year ago as imports grew faster ...Full Story>>

BCC Trims UK Growth Outlook On Brexit Uncertainty

12/11/2017 - 07:19 AM (RTTNews)
(RTTNews) - The British Chambers of Commerce on Monday downgraded its growth projection citing wea ...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.