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Ministry of Trade and Industry
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Advance GDP Estimates for First Quarter 2006

10 April 2006

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10 April 2006. 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.

Download the full press release [PDF, 127 KB].

MINISTRY OF TRADE AND INDUSTRY
10 April 2006

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