Singapore to release final Q3 GDP figures on Nov 24

Skyline of Singapore at the Central Business District area.
Skyline of Singapore at the Central Business District area.PHOTO: BLOOMBERG

SINGAPORE - The Ministry of Trade and Industry (MTI) will release the third quarter economic survey of Singapore on Nov 24 at 8.00am.

The report will give the final growth figures for the economy for the July-September quarter, including detailed information on sectoral performance, sources of growth, inflation, employment and productivity.

The advance estimate of third quarter gross domestic product (GDP) released on Oct 14 showed Singapore's economy grew a meagre 0.6 per cent from a year ago, sharply lower than economists' median forecast of 1.7 per cent growth.

Compared to the previous quarter, the economy contracted by 4.1 per cent, the biggest slump since 2012.

Since then, MAS forecasters have downgraded their economic projections for this year and next, expecting 2016 growth to come in at the lower end of their 1 to 2 per cent forecast, and "only slightly higher" in 2017.