ECONOMY | Staff Reporter, Singapore

Infocomm output growth eases to 1.8% in Q2

It saw a pull back from the telco segment.

The growth in the information & communications sector eased for the past quarter, the data from the Ministry of Trade and Industry (MTI) showed.

According to MTI, the output growth slowed to 1.8% from 2.1% in the preceding quarter.

This is due to a sharper pullback in the telecommunications segment.

By contrast, the IT & information services segment saw robust growth as a result of strong corporate demand for IT solutions.

Meanwhile, on a quarter-on-quarter seasonally-adjusted annualised basis, the sector grew by 2.2%, moderating from the 7.0% growth in the preceding quarter.

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