2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Singapore : GDP  
Released On 7/13/2017 8:00:00 PM For Q2, 2017
PriorConsensusActual
Q/Q-1.3 %1.1 %0.4 %
Yr/Yr2.7 %2.8 %2.5 %

Highlights
Singapore second quarter advance GDP was up 2.5 percent from the same quarter a year ago. On the quarter, the seasonally adjusted annualized rate was 0.4 percent, an improvement from the first quarter's contraction of 1.9 percent. Activity in Singapore is closely watched as a barometer for growth in the region and, in some areas, as a proxy for Chinese growth.

The manufacturing sector expanded 8.0 percent on the year, extending the 8.5 percent growth in the first quarter. Growth was supported mainly by electronics & precision engineering cluster which saw robust expansions thanks to external demand for semiconductors & semiconductor manufacturing equipment respectively.

The services producing industries were up 1.7 percent on the year after increasing 1.4 percent in the first quarter. On the quarter, services producing industries expanded 0.4 percent SAAR after contracting 2.7 percent in the preceding quarter.

Definition
GDP refers to the aggregate value of the goods and services produced in the economic territory of Singapore. GDP estimates are compiled by the output, expenditure and income approaches. Output-based GDP refers to the sum of gross value added generated by economic activities in the domestic economy. Expenditure-based GDP refers to the sum of private consumption expenditure of households including non-profit institutions serving households, government consumption expenditure, gross capital formation and net exports of goods and services. Income-based GDP refers to the sum of incomes receivable by each institutional sector from the domestic production of goods and services which includes compensation of employees, gross operating surplus and taxes (less subsidies, if any) on production and on imports
In order to compare the real value of output/expenditure over time, it is necessary to remove the effect of price changes. This is achieved by selecting the price structure of 2010 as the base according to which the goods and services in other years are re-valued. The resulting aggregates after adjustment for price changes are known as constant-price estimates.
The advance GDP estimates are computed largely from data in the first two months of the quarter (e.g. 1st Quarter is based on Jan and Feb; 2nd Quarter is based on Apr and May). They are intended as early estimates of GDP growth in the quarter, and are subject to revision when more comprehensive data become available.  Why Investors Care
 

2017 Release Schedule
Released On: 1/22/164/125/247/138/1010/1211/22
Release For: Q4(a):2016Q4(f):2016Q1(a):2017Q1(f) 2017Q2 2017Q2 2017Q3 2017Q3 2017
 


powered by  [Econoday]