Singapore GDP grew 1.8% in Q1, slightly better than expected,
"That was slightly better than consensus expectations; a Reuters poll of economists had predicted a 1.7 per cent annual rise.
Growth was flat from the previous quarter on a seasonally-adjusted annualized basis.
The city-state's manufacturing sector was the principal culprit behind the tepid performance. The sector, which accounted for nearly 20 per cent of 2015 GDP, contracted by 2 per cent, marking a year of consecutive quarterly declines.
"The sector was primarily weighed down by a decline in the output of the transport engineering, precision engineering and electronics clusters," the government said in a release."
- See more at: http://business.asiaone.com/news/singapore-gdp-grew-18-q1-slightly-better-expected#sthash.uUdgfcxS.dpuf
Next MAS interest decision is in Oct.
