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Singapore's economy up 2.9 pct in Q2

SINGAPORE
2024-07-12 09:53

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SINGAPORE, July 12 (Xinhua) --The Singapore economy grew 2.9 percent year-on-year in the second quarter, following the 3.0 percent expansion in the previous quarter, according to the advance estimates released by the Ministry of Trade and Industry Friday.

The construction sector grew 4.3 percent year-on-year in the second quarter, extending the 4.1 percent growth in the preceding quarter.

The manufacturing sector grew 0.5 percent year-on-year from April to June, a reversal from the 1.7 percent contraction in the previous quarter.

Meanwhile, the growth of services industries moderated from 4.3 percent in the first quarter to 3.3 percent in the second quarter.
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