SINGAPORE – Singapore’s trade-reliant economy grew more than expected in the third quarter from the previous quarter on an annualised basis, on the back of manufacturing growth, preliminary data showed on Friday.
The economy expanded 6.3 percent in the July-September period on an annualised and seasonally adjusted basis, the Ministry of Trade and Industry said on Friday in a statement.
Economists polled by Reuters produced a median forecast of 3.2 percent annualised growth for July-September.
GDP rose 4.6 percent in the third quarter from a year earlier, compared to a median forecast of 3.8 percent.
(Reporting by Fathin Ungku; Editing by Sam Holmes)