Singapore’s final second-quarter gross domestic product likely contracted 4.6% from the previous quarter on an annualised basis, in line with the government's earlier estimate, a Reuters poll showed.
The median forecast in a Reuters survey of 11 economists also showed that GDP probably expanded 1.5% in the April-June quarter from a year earlier, less than the 1.7% in the advance estimate.
Expectations for a slight downward revision to second-quarter GDP growth had grown after data last month showed that industrial production in June shrank 4.4% from a year ago, driven by a slide in marine and offshore engineering output and weakness in electronics and pharmaceuticals production.
The Ministry of Trade and Industry will release the detailed data on Tuesday Aug 11 at 8am.
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The median forecast in a Reuters survey of 11 economists also showed that GDP probably expanded 1.5% in the April-June quarter from a year earlier, less than the 1.7% in the advance estimate.
Expectations for a slight downward revision to second-quarter GDP growth had grown after data last month showed that industrial production in June shrank 4.4% from a year ago, driven by a slide in marine and offshore engineering output and weakness in electronics and pharmaceuticals production.
The Ministry of Trade and Industry will release the detailed data on Tuesday Aug 11 at 8am.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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