SINGAPORE: Singapore's economy grew 2.9 per cent in the second quarter of the year compared with the same period a year ago, according to advance estimates from the Ministry of Trade and Industry (MTI) on Friday (Jul 12).
This was slightly slower than the 3 per cent growth recorded in the first quarter of 2024.
On a quarter-on-quarter seasonally-adjusted basis, Singapore's economy expanded 0.4 per cent in the April to June period, slightly faster than the 0.3 per cent reported in the first quarter.
Advance gross domestic product estimates are computed largely from data gathered in the first two months of the quarter.
They are intended as an early indicator of GDP growth for the quarter and may be revised when more comprehensive data is available, the ministry said. The advance estimate for GDP in the first quarter was 2.7 per cent, but was revised to 3.0 per cent.
Source: CNA/an(rj)
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This was slightly slower than the 3 per cent growth recorded in the first quarter of 2024.
On a quarter-on-quarter seasonally-adjusted basis, Singapore's economy expanded 0.4 per cent in the April to June period, slightly faster than the 0.3 per cent reported in the first quarter.
Advance gross domestic product estimates are computed largely from data gathered in the first two months of the quarter.
They are intended as an early indicator of GDP growth for the quarter and may be revised when more comprehensive data is available, the ministry said. The advance estimate for GDP in the first quarter was 2.7 per cent, but was revised to 3.0 per cent.
Source: CNA/an(rj)
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