, Singapore

Singapore GDP up 6.5% in 3Q21

The quarter’s GDP moderates from 15.2% in 2Q21.

 The Singapore economy experienced a growth of 6.5% y-o-y in 3Q21, according to a press release by the Ministry of Trade and Industry Singapore.

This is a slowdown from the 15.2% growth seen in the previous quarter. 

On a q-o-q basis, a 0.8% expansion was seen, compared to the 1.4% contraction in the preceding quarter.

All industries saw growth in the quarter, with the top grower being the construction sector.

 A growth of 57.9% y-o-y was observed and is due to the low base effects given the slow resumption of construction activities following the Circuit Breaker last year.

The same can also be said for the performance of the other sectors.
 

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

C&W Services transforms headquarters into a ‘living lab’
The new office is set to be the ground for the firm’s new facilities management technologies.
How investor stewardship puts companies in a win-win state
Stewardship Asia Centre CEO says a company’s failure to take care of society is a failure to take care of its stakeholders.
Creating harmony in a heterogonous workforce 
An HR expert said tests like DISC can help identify which employees can work best together.