Singapore’s 2Q12 GDP came in lower by 1.1 percent on a seasonally adjusted basis vs a growth of 1.9 percent a year ago. The median forecast came in at a growth of 0.3 percent for the 2Q12 period and a 2.4 percent growth on a y/y basis.
Manufacturing contracted the most on declining biomedical output and gains in transport sector. (CNBC)
Categories: General News