Singapore economy hits bleak 1.9% raise

This measly growth is lower than the expected 2.3% expansion.

According to OCBC, advance estimates from the Ministry of Trade and Industry (MTI) revealed that Singapore’s economy expanded by 1.9% YoY in 2Q12, higher than the 1.4% growth in 1Q12, but lower than the street’s expectations of a 2.3% expansion.

Here's more from OCBC:

On a seasonally adjusted QoQ annualized basis, the economy contracted by 1.1% vs. 1Q12’s 9.4% gain. The weakened growth momentum was mainly due to lower output in the manufacturing sector, which contracted 6% QoQ after 1Q12’s 20.9% expansion, largely because of a decline in biomedical manufacturing output. Construction growth also moderated to 0.3% QoQ from 1Q12’s 27.9% increase. As for services, growth was 0.4% in 2Q12 compared to 2.7% in the previous quarter. Although tourism-related sectors continued to expand, the pace of growth also moderated.

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.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia