Singapore Q3 GDP grows 5.4%, beats forecasts but slows from Q2 peak
Singapore's economy expanded 5.4% year-on-year in the third quarter, topping economist forecasts though easing from the previous quarter's four-year-high pace, according to advance estimates.
What happened
Singapore's economy grew 5.4% year-on-year in the third quarter, according to advance estimates.123
The growth rate was down from 6.2% in the second quarter, which CNBC described as a four-year high.23
The figure beat economist expectations of 5% growth polled by Reuters.2
On a quarter-on-quarter seasonally adjusted basis, the economy grew 1.1%, compared with 1.5% growth in the second quarter.3
Nikkei Asia attributed the growth to sustained AI-driven demand.1
Key points
What the coverage leaves out
- None of the outlets reviewed reported detail on which sectors drove the slowdown from Q2 to Q3 beyond the headline figures.
- None of the outlets reviewed included government or central bank commentary on the outlook for subsequent quarters.
Why it matters
CNBC noted the result beat Reuters-polled economist expectations of 5% growth, suggesting the slowdown was milder than anticipated.2
Sources (3)
Every outlet we drew on, grouped by where it is based. Read the originals for the full reporting.
North America
East Asia
- 1Nikkei AsiaJPPrivate