ECONOMY | Staff Reporter, Singapore

Singapore economy grew faster in Q2, up 2.9%

This is compared to the 2.5% growth in Q1.

Things went well for Singapore after it posted a 2.9% economic growth in the previous quarter, a faster growth than Q1’s 2.5%.

On a quarterly basis, the economy reversed its 2.1% contraction and posted a 2.2% expansion.

The manufacturing sector grew 8.1%, offsetting the construction sector's 5.7% decline.

The wholesale & retail trade sector grew by 1.5% along with the transport sector's 3.5% growth.

The growth in information and communications sector eased to 1.8%, whilst accommodation and food services dropped 2.2%.

Meanwhile, the finance and insurance sector expanded 3.8%. The business services sector also posted a growth at 1.8%.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.