Home THE DAILY EDGE Business Singapore to release final Q3 GDP data on Nov 19
Singapore to release final Q3 GDP data on Nov 19
Written by Thomson Reuters   
Thursday, 12 November 2009 11:58
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Singapore will release final third quarter gross domestic product data on Nov. 19 at 8 a.m. local time (0000 GMT), the trade ministry said on Thursday. 
 
Gross domestic product in the July-September period rose 0.8% from a year earlier, returning to growth after three quarters of annual contraction, preliminary data has shown.
 
Since the preliminary GDP, further data showed exports from the trade-dependent country rose a slightly-higher than expected 3% from the previous month on a seasonally adjusted basis, though a pharmaceuticals manufacturing boom faded. 
 
The government has revised up its 2009 GDP forecast to a contraction between 2.5 to 2%, from an earlier forecast of a contraction of 6 to 4%, but decided in October against encouraging currency appreciation saying it feared slower growth. 
 
 
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