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Ministry of Trade and Industry
1. Press releases

Advance GDP Estimates for Second Quarter 2006

10 July 2006

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10 July 2006. The Singapore economy registered a moderation of growth in the second quarter of 2006. Advance estimates show that real gross domestic product (GDP) rose by 7.5 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 1.1 per cent, easing from the 7.0 per cent expansion in the preceding quarter.

The manufacturing sector is estimated to have grown at a slower pace of 10.2 per cent in the second quarter, mainly due to lower output from the biomedical manufacturing cluster.

The construction sector declined at a slower rate in the second quarter. It is estimated to have contracted by 0.3 per cent, compared to the 0.8 per cent decline in the previous quarter.

Download the full press release [PDF, 131 KB].

MINISTRY OF TRADE AND INDUSTRY
10 July 2006

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