The Business Times
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Services expand at fastest pace in 3 years, but manufacturing still powers Singapore economy

Economists don't expect manufacturing to continue its double-digit growth; construction likely to recover

Published Thu, May 24, 2018 · 10:00 PM

ALL EYES are now on the services sector, which registered its fastest growth pace in three years, but manufacturing continued to be the key driver of Singapore's economy in the first quarter.

With manufacturing likely to moderate for the rest of the year and the construction sector still in the doldrums, economists are divided on whether the momentum in the services sector is enough to propel Singapore's growth in the coming quarters.

For now, manufacturing - which makes up a fifth of the Singapore …

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Asean

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here