The estimates will be largely made up of data from April and May.

Jul 3, 2007
AsiaOne

Singapore's Ministry of Trade and Industry said on Tuesday that it will publish its advance estimate for second-quarter gross domestic product on July 10 at 8 a.m.

The ministry said in a statement that the second-quarter estimates will be largely made up of data from April and May.

Singapore's economy grew at a 7.6 percent annualized pace in the first quarter, easing from a 7.9 percent gain in the previous three months, the ministry said in May.

Citigroup Inc., in a report released yesterday, says Singapore's economy will grow faster this year than earlier estimated because of a stronger-than- expected rebound in manufacturing.

The US$134 billion economy will probably expand 6.6 percent in 2007, quickening from an earlier forecast of 6.2 percent, Citigroup's Singapore-based economist Chua Hak Bin wrote in a report published yesterday. Growth is still expected to lag behind last year's rate of 7.9 percent.

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