Singapore's economy grows 4.9% in Q1
Published on May 20, 2014 8:00 AM
Singapore's economy grew 4.9 per cent in the first three months of the year over a year ago, the Ministry of Trade and Industry (MTI) said on Tuesday.
It added that it will maintain its forecast that the economy will grow 2 to 4 per cent for the whole year.
Tuesday's numbers used 2010 prices as a base, instead of the 2005 prices used previously.
The manufacturing sector grew 9.8 per cent in the first quarter over a year ago, accelerating from the 7 per cent growth in the previous quarter, the MTI said in a statement on Tuesday.
To continue reading, log in if you are a subscriber
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!