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Singapore Economy Grew 1.8% in Q4, Trade and Industry Ministry
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January 3, 2017
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Singapore's economy expanded 1.8% in the fourth quarter of 2016 from same quarter a year ago, led by manufacturing and service sectors, according to data released by its Trade and Industry Ministry. The data showed its construction sector continued to shrink.
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Manufacturing sector expanded 6.5% in the Q4 from a year ago, up from 1.7% year on year growth in the third quarter. Service sector registered 0.6% yearly growth, up from 0.3% growth in the earlier quarter.
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The data at the same time showed construction sector continued to shrink, which shrank 2.8% in the fourth quarter, more than the 0.2% year on year shrank registered in the third quarter of the year.
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In the year of 2016, manufacturing sector registered 2.3% yearly growth, service sector grew 0.9% while construction sector expanded 1.3%, the trade and industry ministry said.
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By APMR News Staff Writer
Article Published on : 2017 January 3, 09:45 am GMT+800
Article Last Updated : 2017 January 3, 11:10 pm GMT+800
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