|
|
| |
1Q05 |
2Q05 |
3Q05 |
4Q05 |
2005 |
1Q06* |
| Overall GDP |
3.4 |
5.7 |
7.6 |
8.7 |
6.4 |
9.1 |
| Goods Producing
Industries |
|
|
|
|
|
|
| Manufacturing |
3.2 |
5.9 |
13.1 |
14.2 |
9.3 |
16.0 |
| Construction |
-1.1 |
-1.1 |
-1.4 |
-0.8 |
-1.1 |
-0.6 |
| Services Producing
Industries |
4.2 |
5.8 |
6.8 |
7.2 |
6.0 |
7.6 |
* Advance Estimates |
|
The Singapore economy grew at a faster pace
in the first quarter of 2006. |
|
Advance estimates1 show that real
gross domestic product (GDP) rose by 9.1 per cent in the quarter
compared to the same period in 2005. |
|
On a quarter-on-quarter seasonally adjusted
annualised basis, real GDP grew by 1.2 per cent, easing from the 12.5
per cent expansion in the preceding quarter. |
|
The manufacturing sector is estimated to
have grown by 16.0 per cent in the first quarter, underpinned largely by
strong growth in the electronics, biomedical and transport engineering
clusters. |
|
The construction sector continued to
decline, at an estimated rate of 0.6 per cent in the first quarter, an
improvement over the 0.8 per cent contraction in the last quarter. |
|
The services producing industries are
estimated to have grown by 7.6 per cent in the first quarter. The
healthy performance was largely driven by a faster pace of expansion in
the wholesale and retail trade sector. |
|
The preliminary GDP estimates for the first
quarter of 2006, including sectoral performances, sources of growth,
inflation, employment and productivity, will be released in May 2006 in
the Economic Survey of Singapore. |
|
MINISTRY OF TRADE AND INDUSTRY |
|
10 April 2006 |
|
1 The
advance GDP estimates for first quarter 2006 are computed largely from
the first two months¨ data (i.e. January and February 2006). They are
intended as an early indication of GDP growth in the quarter, and are
subject to revision when more comprehensive data becomes available. |
|
Source:
www.mti.gov.sg Press Release
10 Apr 2006 |
Advance GDP Estimates for First Quarter 2006
