Financial News: Singapore GDP Climbs 5.4% On Year In Q3

Singapore GDP Climbs 5.4% On Year In Q3

11/21/2024 - 20:10:00 (RTTNews)

(RTTNews) - Singapore's gross domestic product expanded 5.4 percent on year in the third quarter of 2024, the Ministry of Trade and Industry said on Friday, accelerating from the 3.0 percent gain in the three months prior.

On a seasonally adjusted quarterly basis, the economy grew by 3.2 percent, accelerating from the 0.5 per cent expansion in the previous quarter.

For the first three quarters of the year, GDP growth averaged 3.8 per cent year-on-year.

Upon the release of the data, the MTI said that Singapore's GDP growth is projected to come in at around 3.5 percent in 2024 and between 1.0 and 3.0 percent in 2025.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Singapore Inflation Data Due On Monday (01 hr(s), 25 min(s), 15 sec(s) ago)
(RTTNews) - Singapore will on Monday release November numbers for consumer prices, highlighting a ...Full Story»

U.S. Consumer Sentiment Improves In Line With Preliminary Estimate In December (08 hr(s), 43 min(s), 15 sec(s) ago)
(RTTNews) - The University of Michigan released a report on Friday showing consumer sentiment in t ...Full Story»

U.S. Consumer Prices Inch Higher In November, Annual Growth Accelerates Slightly Less Than Expected (09 hr(s), 14 min(s), 15 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept slightly higher in the month of November, according ...Full Story»

Slovenia Producer Prices Fall At Slower Rate (09 hr(s), 28 min(s), 15 sec(s) ago)
(RTTNews) - Slovenia's producer prices continued their declining trend in November, figures fr ...Full Story»

Croatia Jobless Rate Rises To 5.0% (09 hr(s), 43 min(s), 15 sec(s) ago)
(RTTNews) - Croatia's unemployment rate increased for the second straight month in November, f ...Full Story»

Denmark Economy Grows Less Than Estimated In Q3 (10 hr(s), 01 min(s), 15 sec(s) ago)
(RTTNews) - The Danish economy expanded less than initially estimated in the third quarter, the ...Full Story»

U.S. Consumer Prices Inch Up Slightly Less Than Expected In November (10 hr(s), 16 min(s), 15 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept slightly higher in the month of November, according ...Full Story»

Sweden Producer Prices Rise, Retail Sales Growth Remains Stable (10 hr(s), 24 min(s), 15 sec(s) ago)
(RTTNews) - Producer prices in Sweden increased for the first time in three months in November, wh ...Full Story»