The economy of Singapore rose by 1.7% in Q2 2015 from last year, lower to the 2.8% increased of the previous quarter.
On a quarterly basis (seasonally adjusted, annualised), the economy got a reversal of 4.6% against the 4.2% expansion in the previous quarter.
Singapore’s manufacturing sector has a significant contribution to the slower growth in second quarter, reduced by 4.0% on year and continuing the 2.7% drop in the quarter before.
However, the services and construction sectors extended to increased last quarter, a 2.7% and 3.0% growth have been registered from a year ago.
Singapore Property such as Lake Life EC and Adana @ Thomson also contributed to Singapore’s development.
