MTI advance estimates see 2.5% growth in Singapore's 2Q GDP

SINGAPORE (July 14): Singapore’s economy grew 2.5% y-o-y in the second quarter of 2017, at the same pace of growth in 1Q17, based on the latest advance estimates from the Ministry of Trade and Industry (MTI).  

On a q-o-q seasonally-adjusted annualised basis, the economy expanded by 0.4%, in contrast to the 1.9% contraction in the preceding quarter.

The advance GDP estimates for 2Q17 are computed largely from data in April and May 2017, and are intended as an early indication of the GDP growth in the quarter.

---

Related Stories

• Investors turn positive on Venture Corp on share buybacks and higher revenue guidance of customers
• Construction demand to rise to $38 billion in 2024: BCA
• Vietnam EV maker VinFast plans to invest US$2 billion in India

---