Singapore Q1 GDP Meets Expectations Of 5.1%

Singapore’s economy expanded 5.1 percent on year in the first quarter of 2014, in line with expectations, according to advanced estimates released on Monday.

The reading was slower than the 5.5 percent on-year expansion in the final quarter of 2013.

On a quarter-on-quarter, seasonally adjusted and annualized basis, the economy grew just 0.1 percent, slowing from 6.1 percent in the final quarter of 2013.

The city-state’s manufacturing sector was a bright spot, growing 8 percent on year following the previous quarter’s 7 percent expansion, helped by a sharp rebound in biomedical manufacturing output and stronger growth in chemicals output.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu