Singapore final Q4 GDP y/y data is a beat (but read on ...)

Author: Eamonn Sheridan | Category: News

Singapore final Q4 GDP +2.9 pct y/y (vs. Reuters poll +2.5 pct)

A beat! .... Bu, more data released from the Ministry of Trade and Industry:

  • +12.3 pct q/q annualised, seasonally adjusted rate (vs. Reuters poll +12.6 pct)
  • Singapore revises up 2016 full-year growth to 2.0 pct from 1.8 pct in advance estimate
  • Keeps 2017 GDP growth forecast unchanged at 1.0 to 3.0 pct
  • Singapore trade agency revises up 2017 NODX forecast from 0.0 to +2.0 percent
  • Singapore's non-oil domestic exports fell 2.8 pct in 2016, total goods trade fell 4.9 pct
So, a mixed report, positives and negatives in there for the trading nation

Says Reuters:
  • sharp rebound in manufacturing
  • heightened uncertainty about the outlook amid concerns about trade protectionism under U.S. President Trump