SINGAPORE: The Ministry of Trade and Industry (MTI) will release the 2016 economic survey of Singapore on Feb 17.
The report will give the final growth figures for the economy during the fourth quarter and whole of 2016, including detailed information on sectoral performance, sources of growth, inflation, employment and productivity.
Advance estimates released last month showed Singapore’s economy grew a better-than-expected 1.8 per cent last year, above MTI’s earlier announced growth forecast of 1.0 to 1.5 per cent.
Year on year, gross domestic product (GDP) rose 1.8 per cent for the October-December quarter, faster than the 1.2 per cent growth in the previous quarter, and the estimates showed.
The economy also averted a technical recession in the fourth quarter as manufacturing output surged, with GDP expanding 9.1 per cent from the previous quarter, reversing a 1.9 per cent contraction.
Compared to the third quarter, GDP jumped 9.1 per cent on an annualized basis from the previous quarter. It had shrunk by 1.9 per cent in the third quarter.
