Manufacturing and wholesale & retail trade spur economic growth in Q3
20 Nov '06
1 min read
Economic growth in 3Q 2006 was led by the manufacturing and wholesale & retail trade sectors on the back of strong external demand.
The Singapore economy expanded by 7.2 percent in 3Q06, after an 8.2 percent growth in 2Q06. This brings economic growth in the first three quarters to 8.6 percent.
The growth momentum (on an annualised quarter-on-quarter basis) was 5.7 percent in 3Q06, up from 3.9 percent a quarter earlier.
Total demand expanded by 9.8 percent in 3Q06, slightly lower than the 11 percent in 2Q06. This was largely due to a moderation of external demand growth from 13 percent tom 10 percent in 3Q06, as both goods and services exports grew at slower pace.
On the other hand, domestic demand growth improved from 4.9 percent to 8.0 percent on the back of stronger consumption expenditure.
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)")
.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Taiwan Textile Federation (TTF)")
