Published:
Transport sector extends output growth in Q2
It recorded a 3.5% expansion thanks to the marine segment.
The transportation & storage sector managed to extend its 4.4% growth in the first quarter of the year, recording another 3.5% expansion in Q2.
According to the Ministry of Trade and Industry, the growth was supported by the water transport segment.
The growth in the said segment was due to the increase in container throughput and sea cargo handled at Singapore ports.
On a quarter-on-quarter seasonally-adjusted annualised basis, the sector grew by 1.5 per cent, extending the 1.0 per cent growth in the previous quarter.
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