Economic Buzz: Singapore GDP Growth Unchanged In Q2 2022

14 Jul 2022 , 11:54 AM

Singapores gross domestic product was unchanged on a seasonally adjusted quarterly basis in the second quarter of 2022, according to the Ministry of Trade and Industry. On an annualized basis, GDP was up 4.8 percent – again missing forecasts for a gain of 5.2 percent but still up from 3.7 percent in the three months prior. The manufacturing sector expanded 8.0 percent on year in the second quarter of 2022, similar to the 7.9 percent growth in the previous quarter. The construction sector grew by 3.8 percent on year in the second quarter, faster than the 1.8 percent growth in the previous quarter. Powered by Commodity Insights