Singapore’s Q2 GDP growth flash estimate jumped to 3.8% – Singapore Business Review

Singapore’s Q2 GDP growth flash estimate jumped to 3.8% as services growth rose to 5.5%.

According to OCBC, Q2 GDP growth was revised up from the flash estimate from 3.7% yoy (+15.2% qoq saar) to 3.8% yoy (+15.5% qoq saar), as services growth was also notched higher (5.5% yoy).

MTI upgraded its 2013 growth forecast from 1-3% to 2.5-3.5% yoy (OCBC forecast: 2.5%), citing that macroeconomic conditions are expected to pick up gradually in H2.

Here’s more from OCBC….

See on http://sbr.com.sg/economy/in-focus/singapores-q2-gdp-growth-flash-estimate-jumped-38

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