Q3 GDP performance uneven across sectors
Manufacturing rebounds but construction contracts for a second consecutive quarter, advance estimates show
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SINGAPORE's economic sectors turned in a mixed performance in the third quarter of 2014, with manufacturing staging a turnaround, services growing at a much slower pace, and construction posting a second consecutive quarter of contraction (view infographic).
The economy expanded 1.2 per cent on a seasonally adjusted quarter-on-quarter annualised basis, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Tuesday. This marked a reversal from the 0.1 per cent contraction in Q2, which was revised down from an earlier estimate of 0.1 per cent growth.
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