Wild Swings in Singapore GDP Signal Growth May Be Weaker: Chart

Singapore's Surprise Easing: How It Impacts Markets

Large swings between Singapore’s advance estimates for gross domestic product and final readings have been confounding observers for years, mainly because the city-state relies on only two months of data for its first estimate, compared to more expansive figures elsewhere. From the start of 2010 to the fourth quarter of last year, the difference between the first and final estimates was roughly three times more than the U.S. and Japan. That’s why Irvin Seah, senior economist at DBS Group Holdings Ltd. is skeptical about the 18.2 percent annualized expansion in manufacturing last quarter, saying any revision to GDP data will likely focus on a cut in that industry’s estimate.

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