Recaps on the Singapore GDP data for Q1

GDP +2.6% annualized y/y

  • Advance estimate was 2.1%
  • Reuters expected was +2.2%

+3.2% q/q

  • +1.1% advance estimate
  • +1.8% expected

More:

  • Manufacturing activity -2.7% y/y (-3.4% advance estimate)
  • Growth in services-producing industries was revised up to 3.8% y/y (from 3.1 advance)

Via Reuters:

  • "Given the expected improvement in global economic conditions in 2015, externally-oriented sectors such as wholesale trade and finance & insurance are likely to see improved growth prospects. However, sector-specific factors could weigh on the growth of some sectors," the Ministry of Trade and Industry said