, Singapore

Guess what is the 'unusual strength' in Singapore's latest GDP

Clue: it jumped a whopping 37.6%.

According to UBS, Singapore's recent economic data is not obviously the start of a manufacturing uptrend. The unusual strength in GDP was mainly driven by the manufacturing sector (up 37.6% annualised qoq), although both construction and services were also robust (both up 9% annualised qoq). 

The gains in manufacturing were not just in the volatile bio-medical sector but also in electronics. Even so there remains a question mark over sustainability.

Here's more from UBS:

Accelerations in late 2011 and 2012 in Singapore non-biomedical manufacturing have proved short lived and the national performance amongst ASEAN peers is not uniformly strong.

Thai manufacturing weakness in the context of Indonesian and Philippine strength suggests domestic drivers rather than a trade led recovery. Moreover, the message on global trade growth – so important for Singapore – remains downbeat.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.