Sign up | Log in



Home  >>   Daily News  >>   Singapore News  >> Economy  >> Singapore economy up in Q3 with expansion into 2014 expected
NEWS UPDATES Asean Affairs   15 October 2013  

Singapore economy up in Q3 with expansion into 2014 expected

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.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories   15 October 2013 Subsribe Now !
• Ha Noi seeks further $1.3b in FDI Subcribe: Asean Affairs Global Magazine
• Galaxy Tab 3 8.0: A viable choice in its product line Asean Affairs Premium
Executive column: Watch out for rising bad loans:JPMorgan
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

Singapore economy up in Q3 with expansion into 2014 expected 
Mass evacuations in Vietnam for Typhoon Nariel
PM concludes visit to Brunei, Indonesia
China's Yunnan, Laos strengthen education exchanges Advertise Your Brand
Asean Analysis          15 October  2013 Asean Stock Watch     14 October  2013
• Asean Analysis- October 12, 2013
Telling Asia’s story - Swarup Roy
• Asean Stock Watch-October 14
• Asean Analysis- October 15, 2013
Brunei, looking forward to economic transition
• The Biweekly Update 4 October 13

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand