According to analysts at Standard Chartered, Singapore’s Q2 GDP was likely robust on recovering services and firm manufacturing. Key Quotes “We expect Q2 GDP growth to have remained firm at 4.2% y/y (versus 4.4% in Q1). The services sector likely continued its recovery, supported by strong regional economic performance and digital transformation, benefitting the financial services and information and communication services sub-sectors. The improving labour market may have also helped support domestic spending.” “Manufacturing growth likely eased from the robust 9.8% y/y in Q1 but remained firm. Industrial production (IP) in April-May 2018 rose 10.1%, but there was an unfavourable base effect in June.” “Our GDP growth tracker suggests upside risk to our Q2 GDP growth forecast. The difference is likely due to our tracker being reliant on more readily available externally-driven activity data, such as IP.” “While H1 growth was healthy, the outlook is now more uncertain given the latest negative developments on the US-China trade front.” “We had projected slower growth in H2, but the negative trade developments are increasing the downside risks.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next OPEC Monthly Report: Global oil demand growth seen moderating to 1.45 million bpd FX Street 3 years According to analysts at Standard Chartered, Singapore's Q2 GDP was likely robust on recovering services and firm manufacturing. Key Quotes "We expect Q2 GDP growth to have remained firm at 4.2% y/y (versus 4.4% in Q1). The services sector likely continued its recovery, supported by strong regional economic performance and digital transformation, benefitting the financial services and information and communication services sub-sectors. The improving labour market may have also helped support domestic spending." "Manufacturing growth likely eased from the robust 9.8% y/y in Q1 but remained firm. Industrial production (IP) in April-May 2018 rose 10.1%, but there was an unfavourable… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
