The Census & Statistics Department announced the findings today as it released advance estimates
on Gross Domestic Product for the second quarter.
Earlier last month, the CSO had estimated GDP growth of 7.2 per cent for the current financial year under its first advance estimates
Releasing the first advance estimates
of National Income for 2018-19, the Central Statistics Office (CSO) said, "The growth in GDP during 2018-19 is estimated at 7.2 per cent as compared to the growth rate of 6.7 per cent in 2017-18."
Analysts see a small upward adjustment to the GDP advance estimates
. Income and consumption figures should reveal a strong start to Q4, while new home sales should bounce in October following declines in the prior four months.
This is an advance estimate
and advance estimates
are subject to revisions - usually two-three revisions.
The government is due to release its advance estimates
for GDP in the fourth quarter and the whole of 2016 on Jan.
Exports went up by 10 percent - the fastest quarterly growth since 2013, the statement said, "due in part to a large increase in agricultural exports." The figures are based on advance estimates
from the Bureau of Economic Analysis.
Singapore's GDP shrank by 0.8 percent in the second quarter on a seasonally adjusted and annualized basis, the Ministry of Trade and Industry's advance estimates
showed on Monday, a much weaker outcome than the median forecast of 2.5 percent growth seen in a Reuters survey.
25 June 2014 - Credit card ABS delinquencies are expected to touch new lows for the May reporting period according to advance estimates
of New York-based ratings agency Fitch's Prime 60+ Day Delinquency Index.
The sum of all our fears manifested itself with the economic deceleration turning out to be far worse than expected with official advance estimates
released pegging the country's GDP growth at a 10- year low of 5 per cent for the current financial year which draws to a close at the end of next month.
The greater fall in central government expenditure caused the steep fall in 'community, social and personal services' sector growth rate to 5.6 percent as compared to a growth rate of 8.2 percent in the advance estimates