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