Q4 GDP from Singapore has jumped solidly
+9.1% q/q (annualised & s.a.)
- expected +3.7%
+1.8% y/y
- Reuters expected was +0.6%
- Government’s previous forecast was 1.0-1.5%
- A solid result, but note …. the lowest growth since 2009
More:
- Manufacturing +6.5% in Q4 (Ministry of Trade and Industry says driven mainly by electronics & biomedical manufacturing clusters. Transport engineering & general manufacturing clusters continued to contract)
- Construction down 2.8%
- Services sector +0.6%