Chart of the Day: Find out which sectors failed in boosting Singapore's economic growth

Three of them really disappoint.

Singapore's economy had an impressive positive momentum in 1Q14, growing 4.9%. But this is not without some disappointing performances from sectors that almost pulled it down.

According to a research by Standard Chartered, most economic sectors supported growth in Q1. Manufacturing expanded 9.8% y/y (11.9% q/q SAAR), up from 7.0% (10.4%) in Q4-2013.

This was supported by strong performances in biomedical manufacturing, chemicals and transport engineering. Construction expanded 6.7% y/y (0.6% q/q SAAR), versus 7.3% (10.6%) the previous quarter.

Here's more from Standard Chartered:

Growth momentum stabilised as private construction slowed.

Services grew 4.4% (0.4% q/q SAAR) y/y, versus 5.5% (7.1%) in Q4. Growth was supported by wholesale and retail trade (5.4% y/y), financial services (5.4%) and transport/storage (4.9%).

This was despite some downside from sentiment in the financial services sector and a weaker performance in the air transport segment affecting transport/storage.

Growth slowed in accommodation/food services (0.9% y/y), business services (3.4%) and information/communication (3.4%). Growth in the accommodation sector was slower than in other sectors, likely due to the tight labour market.

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