Here's what to expect from 2Q13 advance GDP estimates

Expansion is pegged at 8.3%.

According to DBS, everyone can expect a pleasant surprise in tomorrow’s 2Q13 advance GDP estimates. Hope is pinned on the possibility that the economy will bounce back from the sluggish first quarter growth to register a solid expansion of 8.3% QoQ saar, up significantly from 1.8% in the previous quarter.

That makes for a stronger year-on-year growth of 2.1%, against a benign 0.2% rise in 1Q13.

Here's more from DBS:

All key sectors are expected to show significant improvement. The manufacturing sector will likely lead the pack with a swing from contraction to an expansion.

The sector is expected to bounce back from a contraction of 6.8% YoY in the previous quarter to post an expansion of about 0.5%. A steady recovery in demand for electronics as well as a cyclical upswing in pharmaceutical production is the reason behind the healthy rebound in the overall manufacturing sector.

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