Sin­ga­pore’s GDP grows in the third quar­ter

China Daily (USA) - - BUSINESS -

Sin­ga­pore’s econ­omy grew by 0.6 per­cent in the third quar­ter of 2016 year-on-year, ac­cord­ing to ad­vance es­ti­mates by the Min­istry of Trade and In­dus­try. The 0.6 per­cent Q3 in­crease was lower than the 2.0 per­cent growth in the pre­vi­ous quar­ter, the min­istry said in a news re­lease. On a quar­ter-on­quar­ter sea­son­ally-ad­justed and an­nu­al­ized ba­sis, Sin­ga­pore’s econ­omy con­tracted by 4.1 per­cent, a re­ver­sal from the 0.2 per­cent growth in the pre­ced­ing quar­ter.

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