SINGAPORE’S 2Q12 GDP AT -1.1% vs exp 0.3% vs prv 1.9%

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

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