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The economy of Singapore grew 3.8 percent on a quarter-on-quarter seasonally-adjusted annualised basis in the three months to March 2019, rebounding from a 0.8 percent contraction in the previous period and beating market consensus of 2.3 percent, final data showed. Growth was led by construction and services.

The economy of Singapore grew 2.0 percent on a quarter-on-quarter seasonally-adjusted annualised basis in the three months to March 2019, gaining steam from an unchanged 1.4 percent expansion in the previous period and beating market consensus of 1.2 percent, advanced data showed. Growth was led by construction, up 7.8 percent from 5.1 percent in the previous three months and by services, up 4.8 percent from 2.8 percent. In contrast, manufacturing shrank a sharp 12.0 percent.

The economy of Singapore grew 1.4 percent on a quarter-on-quarter seasonally-adjusted annualised basis in the three months to December 2018 (vs preliminary 1.6 percent), matching a downwardly revised percent growth in the previous period and missing market consensus of 1.6 percent, final data showed. Output growth eased for services producing industries and construction, while manufacturing shrank 2.7 percent.