Singapore’s economy grew 2.8% in Q4 as manufacturing sector rebounds: Advance estimates

Singapore’s economy grew 2.8% in Q4 as manufacturing sector rebounds: Advance estimates

SECTOR PERFORMANCES The manufacturing sector expanded by 3.2 per cent year-on-year in the fourth quarter of 2023, a turnaround from the 4.7 per cent contraction in the previous quarter. “Growth in the sector was due to output expansions across all clusters, with the exception of the precision engineering cluster,” MTI said. On a quarter-on-quarter seasonally-adjusted … Read more