While USA goes shutdown, at home....

[RadX]

Singapore economy up in Q3 with expansion into 2014 expected

 

Singapore's economy posted 5.1 per cent on-year growth for the third quarter, said the Ministry of Trade and Industry in advanced estimates, while the Monetary Authority of Singapore has forecast continued economic expansion into 2014.

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SINGAPORE: Singapore's economy posted a 5.1 per cent on-year growth for the third quarter of 2013, said the Ministry of Trade and Industry in advanced estimates released on Monday.

This is compared to the 4.2 per cent recorded in the preceding quarter.

The market was expecting a 3.8-per cent growth.

On a quarter-on-quarter seasonally-adjusted annualised basis, the economy contracted by 1.0 per cent, compared to the 16.9 per cent growth in the previous quarter.

Economists on average were expecting a contraction of 4 per cent.

Looking ahead, the Monetary Authority of Singapore said in a separate statement, that it expects the economy to continue to expand for the rest of 2013 and into 2014, although some volatility in growth rates is likely.

It added that barring a significant deterioration in global demand conditions, the labour market will remain tight, and inflation could rise as firms pass on accumulated costs with the MAS

Core Inflation (excluding private transport and accommodation costs) coming in at 1.8 per cent on year in August, compared to 1.6 per cent in the first seven months of the year.

In the breakdown given by MTI, the manufacturing sector expanded 4.5 per cent on-year, stronger than the 1.3-per cent growth in the previous quarter. On a quarter-on-quarter basis, the sector declined 3.4 per cent, in contrast to the 33.5-per cent expansion in the preceding quarter.

The construction sector grew 3.6 per cent on-year, down from 6.9 per cent in the preceding quarter. The sector contracted 8.8 per cent on-quarter, a sharp contrast from the 20.9-per cent growth in the previous quarter.

The services producing industries grew 5.7 per cent on-year, similar to the 5.6-per cent growth in the previous quarter. The sector grew 1.0 per cent on-quarter, moderating from the 12.3-per cent expansion in the preceding quarter.

HUAT AH....200KCOE CUMMING...WOHOOOOO

 

[Staff69]

hello, you use old picture. can update the image ...please

Edited October 14, 2013 by Staff69

[RadX]

hello, you use old picture. can update the image ...please

 

 

u wan put flyer ah..keke or nite race

 

u write to ST la

[Picnic06-Biante15]

More Good Years ahead.....

 

or higher COE coming....

[Staff69]

 

 

u wan put flyer ah..keke or nite race

 

u write to ST la

must show exciting pictures mah, if not how to attract the billionaire high fliers.

 

 

very soon, 1 COE can buy 4 white gold patek or 10 solid gold rolex or 1unit of 2 bed room HDB

Edited October 14, 2013 by Staff69

[Vid]

Can summarize in 1 word

 

Inflation

[Donut]

the figure is rigged?

[Fcw75]

Huat ah!.....not for us though.