Singapore 1Q GDP likely to be revised higher on manufacturing boost

SINGAPORE (May 19): Singapore's economy likely performed better than initially expected in the first quarter thanks to a surge in factory output, although the outlook is clouded by slowing exports to China, according to analysts surveyed by Reuters.

The median estimate by the 11 economists polled put gross domestic product (GDP) growth at 2.7% in the January-March quarter from a year earlier.

That would be better than the official advance estimate of 2.5% growth released last month.

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